HomeMy WebLinkAbout2016-09-12 16-337 ORDERCOUNCIL ACTION
Item No. 16-337
Date: September 12, 2016
Item/Subject: Order, Designating Maine Power Options as the City of Bangor's
Electricity Supply Aggregator
Responsible Department: Finance
Commentary: This order would designate Maine Power Options (MPO) as the City of Bangor's
Electricity Supply Aggregator. MPO is a member -based not-for-profit energy consortium co-
sponsored by the Maine Municipal Bond Bank and by Maine Health and Higher Educational
Facilities Authority. MPO was established after deregulation in 2000 to provide competitive
electricity supply options with reliable, secure terms and conditions for over 400 members
including municipalities, schools, universities, hospitals and other non -profits.
While the deregulation of the industry created more opportunities for the City to realize cost savings
and stabilize budgets, it also presented a significant challenge as staff does not have the knowledge
or expertise to navigate the electricity supply market without professional experience. This industry,
while still highly regulated, is also highly specialized. Since 2000 MPO has provided the city with the
market knowledge, consumer support, actively reviews market conditions and trends, and possesses
the specialized knowledge necessary to ensure the City's best interest. Over the years, the City has
been approached by other groups in the private sector that offer similar services. Because the MPO
represents a consortium of other public agencies with common goals, City staff recommends that we
continue our relationship with MPO to purchase energy.
This item was reviewed and recommended for approval by the Finance Committee on September
7, 2016. L,
Department Head
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
x Passage
First Reading
Referral
City Manager
4"=:1
F' nce Director
Page _of_
16-337
SEPTEMBER 12, 2016
Assigned to Councilor Sprague
CITY OF BANGOR
(TIRE.) Order, Designating Maine Power Options as the City of Bangor's
Electricity Supply Aggregator
By the City Council of the City of Bangor.
ORDERED, THAT Maine Power Options it the designated aggregator for electricity supply for
the City of Bangor.
IN CITY COUNCIL
SEPTEMBER 12, 2016
CO -16-337
PASSED
CITY CLERK