R-11-02-24-11A1 - 2/24/2011RESOLUTION NO. R -11-02-24-11A1
WHEREAS, in order for the City to timely execute an electric power supply contract with a
Retail Electric Provider (REP) to obtain the best price in the volatile energy market, this Resolution
authorizes the Mayor to execute one or more power supply contracts during the current fiscal year to
purchase power from a Retail Electric Provider, provided the terms of this Resolution are complied
with, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
Section 1: During the current fiscal year, the Mayor may execute, on behalf of the City, one or
more contracts to purchase power between the City and a Retail Electric Provider in accordance with
the terms of this Resolution.
Section 2: The Mayor may only execute an electric power supply contract ("Contract") with an
REP in the event the following conditions are strictly complied with:
(i) the term of the Contract is no less than six months and no more than three years;
(ii) the price per kilowatt-hour KWH shall be competitive, considering the terms of the
Houston Galveston Area Council of Governments ("HGAC") negotiated Contract;
(iii) that the REP recommended by CGP Solutions was selected in a competitive process in
which the recommended REP offers the "Best Value" Contract to the City when
considering the following factors:
(a) price per KWH;
(b) the amount, if any, of premiums to be paid by the City for using either less or
more electrical power than its historic demand data; and
(c) ability to provide detailed, consolidated billing for the City.
Section 3: This Resolution shall take effect upon adoption.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
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hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 24th day of February, 2011.
ATTEST:
51,M/(. U'ettee.
SARA L. WHITE, City Secretary
2
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
Agenda Item No. 11A1
CACouncil Agenda Summary Sheet
Agenda Caption:
Consider a resolution granting authority to the Mayor to execute one or more electrical
power purchase contracts with a Retail Electric Provider to provide electric power to the
City.
Meeting Date: February 24, 2011
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
The City's current contract with Constellation Energy Services expires December 2014. Natural gas prices have been
extremely favorable over the last several months. Therefore, we will be looking for an opportunity to obtain
favorable future pricing by extending our present agreement or obtain a new agreement or a blend an extend
agreement. The City's current contract was obtained through Cooperative Procurement with the Houston Galveston
Area Council of Governments (HGAC). This resolution grants the Mayor the authority to execute the negotiated
contract that results from this process.
Strategic Plan Relevance:
8.0 — Maintain and enhance public confidence, satisfaction and trust in City Government.
Cost:
Source of Funds:
N/A
N/A
Date of Public Hearing (if required): N/A
Recommended Action: Approval