Explanation
BACKGROUND:
The College Park Apartments, a complex of 250 units located at 1669 College Avenue, has elected to transfer its electric service whose tenant spaces are individually metered by the City of Columbus, Department of Public Utilities (City) to a master meter arrangement with Nationwide Energy Partners, LLC (NEP). To efficiently implement College Park's request, the City seeks approval to enter into an agreement with NEP to transfer City-owned equipment following the requested conversion to a master meter arrangement. The agreement between the parties includes, but is not limited to, the following key provisions:
1. NEP will convey one 2000' spool of #1 3C CU 15KV cable shielded TRXLPE jacketed with #2 ground (DOPW-P Stock Code 50396) to the City in exchange for the approximately 6000' of existing single primary cables installed on the property.
2. NEP will pay via check the amount of $28,175.00 for the thirty post-top lights on the property. NEP determined the current value of the post-top lights based on a straight-line depreciation of the useful life of these assets.
3. NEP will energize the new primary feed onto College Park from the overhead AEP primary meter located at the entrance of the property. NEP anticipates feeding this with one phase. Although College Park currently has radial feeds, NEP will have loops built prior to the turnover.
4. While maintaining the City feed, NEP will decommission three to five transformers per day, remove them from the pad and install new transformers in their place. At this time, the residential meters supplied by these transformers will be exchanged with NEP's meters. NEP will remove the City meters and collect final reads for the City. NEP estimates it will complete the entire project five working days.
5. With regard to the lighting, NEP will cut the lighting circuit from the City line outside the property and install a new transformer, sub-meter and control box.
6. Upon co...
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