HomeMy WebLinkAboutResolution No. 01-27 ORIGINAL
CITY OF THE COLONY, TEXAS
RESOLUTION NO. C) ~- ,:~ ~
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS,
AUTHORIZING THE CITY MANAGER TO SIGN AN ELECTRIC
SUPPLY AGREEMENT WITH THE WINNING BIDDER FOR THE
ELECTRIC LOAD OF CITIES AGGREGATION POWER PROJECT,
INC. UPON CONFIRMATION OF ECONOMIC BENEFIT TO THE CITY
WHEREAS, the City of The Colony, Texas ("City") is a member of Cities Aggregation
Power Project, Inc. (CAPP), a non-profit political subdivision corporation dedicated to securing
electric power for its members in the competitive retail electric market effective January 1, 2002;
and
WHEREAS, CAPP has received bids from qualified bidders to serve approximately 70
CAPP members more than 700 million kWh annually; and
WHEREAS, CAPP has the expectation of negotiating with one or two bid finalists while
simultaneously working with a designated representative from each member City to establish and
maximize economic benefit; and
WHEREAS, CAPP has provided a window of opportunity for its member cities to
confirm that the winning bid provides economic advantage to each member when the pricing and
terms of the winning bid are compared to perpetuation of service from the affiliated provider of
the incumbent utility with price to beat rates and independent economic advantage with regard to
the pricing of large non-price to beat accounts; and
WHEREAS, it is necessary for the City to have a contract for the supply of electricity in
the new competitive environment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. That Robert S. Sparkman is hereby charged to confirm that: (a) the
winning bid to supply CAPP's load will economically benefit the City when measured against
service from the affiliated REP of the incumbent utility and (b) to work with CAPP in the
finalization of the contracting process and commitment of specific electric accounts of the City to
the aggregated load.
Section 2. That Dale A. Cheatham is authorized to sign the necessary power supply
contracts or agreements ratifying the City's participation in CAPP after confirming economic
benefit to the City.
PASSED AND APPROVED tl~7th day of September, 2001.
l~rnetta Henville-Shan_hon, Mayor
Pat{i ~. Hicks, TRMC, City Secretary