Explanation
This legislation authorizes the Director of Public Utilities to modify the contract with Central Ohio BioEnergy, LLC, ("COBE") majority owned by Quasar Energy Group, a Cleveland, Ohio based waste-to-energy company. COBE designs, builds, and operates anaerobic digester systems that produce renewable energy in the form of electricity. COBE and the Division of Power executed an interconnection agreement (Columbus Ordinance #1285-2010) pursuant to which the Generating Facility is interconnected as a "behind the meter" generation unit.
The Power Purchase Agreement was effective October 16, 2012. The Agreement was for an initial five year term expiring in 2017, with the option of additional one year renewals. At the time of execution of the agreement, a price for electricity was not available for the year 2019. The pricing has recently become available and the Division of Power and COBE desire to modify Exhibit A of the Purchase Power Agreement to reflect the rates in the Electricity Price Schedule for 1/1/19-10/15/19 of $38.80 per MWh and to extend the term of the agreement through October 15, 2019.
SUPPLIER: Central Ohio BioEnergy, LLC (26-1698590), DAX Vendor #002226, Expires June 18, 2020
The company is not debarred according to the Excluded Party Listing System of the Federal Government or prohibited from being awarded a contract according to the Auditor of State Unresolved Findings for Recovery Certified Search.
1. Amount of additional funds: Total amount of additional funds needed for this contract modification No. 8 is $0.00. Total contract amount including this modification is $1,084,000.00
2. Reasons additional funds were not foreseen: No additional funds are being requested at this time.
3. Reason other procurement processes were not used: The City of Columbus, Department of Public Utilities is obligated by contract to purchase excess energy from COBE.
4. ...
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