AGENDA 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 recomments approval.
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. |