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HomeMy WebLinkAbout2013-08-26 13-287 ORDERCOUNCIL ACTION Item No. 13-287 Date: 8-26-2013 Item/Subject: Order, Authorizing Execution of Electricity Supply Contract(s) Responsible Department: Finance Commentary: ` For a number of years, the City of Bangor has been a member of Maine Power Options, which is an energy purchasing consortium that serves local governments and non-profit organizations in Maine. Currently, the City is under contract for its medium service electrical accounts through 12/31/2013 at a rate of .0667/kwh; its large service electrical accounts through 12/31/2013 at a rate of .0670/kwh; and its streetlight accounts through 12/31/2013 at a rate of .063/kwh. MPO notified all its customers with December 2013 expiration dates of an opportunity to contract for supply costs beginning 1/1/2014. Due to the current market conditions, current cool temperatures and prior to the start of heating season, MPO feels that it is an appropriate time to look at a new supply contract. Due to the time sensitive nature of utility bidding, the actual acceptance of any pricing offer must occur within 48 hours of its offering. The pricing offer will be reviewed by the Finance Committee prior to any acceptance. The attached order would enable staff to execute at agreements for medium, large and streetlight accounts. This has been reviewed and recommended for approval by the Finance Committee on August 19th. Manager's Comments: Associated Information: Order Budget Approval: Legal Approval: Department Head City Manager 69�� Finance Director City Solicitor Introduced for X Passage -Consent First Reading Page _ of _ Referral 13-287 AUGUST 26, 2013 Assigned to Councilor Civiello GITY OF BANGOR (TITLE.) Order, Authorizing Execution of Electricity Supply Contracts) By the City Council of the City of Bangor. ORDERED, THAT Deborah Cyr, is hereby authorized to execute contract(s) with Maine Power Options to fix electricity supply costs for the period beginning 1/1/2014. IN CITY COUNCIL August 26, 2013 Passed dITY CLEkK