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File #: 0229-2019    Version: 1
Type: Ordinance Status: Passed
File created: 1/11/2019 In control: Public Utilities Committee
On agenda: 2/4/2019 Final action: 2/6/2019
Title: To authorize the Director of the Department of Public Utilities to modify and increase the current contract to obtain capacity and energy for the Division of Power in accordance with terms and conditions of the contract with AEP Energy Partners, Inc., to authorize the expenditure of $55,000,000.00 from the Electricity Operating Fund, and to declare an emergency. ($55,000,000.00)
Attachments: 1. ORD 0229-2019 - Purchase Power - Financial Coding, 2. ORD 0229-2019 - Purchase Power - Addt'l Info
Explanation

As authorized by Ordinance No. 2289-2012, passed October 29, 2012, the City of Columbus, Department of Public Utilities, Division of Power, through the Request for Proposal (RFP) process and waiving the relevant Sections of Chapter 329 of the Columbus City Codes, negotiated with suppliers to provide an essentially full-requirements contract for capacity and energy for its needs, at a fixed price, for electrical energy. Four proposals were received. It was determined that AEP Energy Partners, Inc. met all of the Division’s requirements and offered the lowest-priced and most responsive proposal.

This legislation will authorize the Director of Public Utilities to modify and increase the contract to obtain capacity and energy from AEP Energy Partners, Inc. based upon the terms and conditions of the contract and authorize the expenditure of funds estimated to cover capacity and energy charges for 2019.

SUPPLIER: AEP Energy Partners, Inc., FID #77-0690681, DAX #010283, Expires November 27, 2020.
AEP Energy Partners, Inc. does not hold MBE/FBE status.

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.

FISCAL IMPACT: $55,000,000.00 was budgeted in the Electricity Operating Fund for purchase power. This ordinance is contingent on the passage of the 2019 Operating Budget (Ordinance #2871-2018).

$52,043,848.14 was spent in 2018
$50,432,951.56 was spent in 2017

EMERGENCY DESIGNATION: This ordinance is being submitted as an emergency measure in order that purchases may continue without interruption and payments can be made on a timely basis.

Title

To authorize the Director of the Department of Public Utilities to modify and increase the current contract to obtain capacity and energy for the Division of Power in accordance with terms and conditions of the contract ...

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