Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Approve directing MEAG Power to deposit 100% of the City's Off-System sales margins into the City's Flexible Operating Account, Short Term Portfolio for the Power Supply Year 2015. Electric Director Bill Bosch will address. Approved unanimously on motion/second by Commissioners Morrow/Todd.

SPECIAL CONSIDERATIONS OR CONCERNS:

This will increase the funds in the Short Term Portfolio by the amount of off-system sales MEAG Power is able to make, and stays consistent with what we have done in the past with off system sales.

STAFF RECOMMENDATION:

Staff recommends approval.

FINANCIAL IMPACT:

The balance in the Short Term Portfolio trust account will be increased based on the amount of off-system sales.

ATTACHMENTS:
	File Name	Description
	2015_Off-System_Sales.pdf	Off-system sales

Submitted by:	Meeting Date:
Bill Bosch	1/13/2015
Reviewed by:
Kenny L. Smith