Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Approve the sale of excess capacity up to a maximum of 5.15 MW/Hr at a cost of $39.81/MW to the City of Newnan for a period of five (5) years. Director of Electric Bill Bosch will address. Approved

SPECIAL CONSIDERATIONS OR CONCERNS:

This sale of excess capacity will reduce the City's cost for electricity by approximately $1.4 million per year. The contract period will be from August 7, 2014 thru August 6, 2019.

STAFF RECOMMENDATION:

Staff recomments approval.

FINANCIAL IMPACT:

This excess capacity sale will generate approximately $1.4 million/year, which will be taken as a credit on the MEAG bill to reduce the City's energy costs during the contract period.

ATTACHMENTS:
	File Name	Description
	Newnan_Capacity_Sale.pdf	Newnan Sale Agreement

Submitted by:	Meeting Date:
Bill Bosch	7/8/2014
Reviewed by:
Kenny L. Smith, City Manager