Thursday January 29th
Energy Purchasing Agreement
On October 24, 2013, the City Commission voted to enter into a 5 year electricity supply contract with PPL Treasure State. See the attached agreement posted on the City's website.
PPL Treasure State was the only supplier to submit a final proposal. PPL Treasure State offered prices for contracts ranging from 1 to 5 years in length. The 1 year price was $39.05/MWh and the 5 year price was $41.20/MWh. Prices for 2, 3 and 4 years were between the 1 year and 5 year prices. The City Commission selected the 5 year contract.
The City's power purchasing consultant has provided electricity cost comparisons, the chart is attached below.