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HomeMy WebLinkAbout2000-405ORDINANCE NO g j— AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT BY AND BETWEEN THE CITY OF DENTON AND THE DENTON GARLAND GREENVILLE POWER POOL, PERTAINING TO THE CITY'S ACQUISITION OF CAPACITY AND ENERGY FOR CALENDAR YEAR 2001, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR, AND PROVIDING AN EFFECTIVE DATE WHEREAS, Denton Municipal Electric ("DME") is a municipally owned electric utility, which qualifies as a "Public Power Utility" under the provisions of Senate Bill 7, enacted by the 76`h Texas Legislature DME Staff has determined that it is necessary at this time to acquire additional capacity and energy for calendar year 2001, so that it can maintain sufficient firm capacity and energy to meet its daily megawatt load plus reserve megawatt capacity requirements to insure against unforeseen generating unit outages or load growth above forecast, and such acquisition further provides more reliable electric service at peak load times for DME's customers, and WHEREAS, the City's purchase of electric capacity and energy provided for in the letter Agreement dated September 19, 2000 (the "Agreement") is exempted from competitive bidding requirements as an expenditure for "electricity," as provided by Section 252 022 (a)(15) of the Texas Local Government Code, and WHEREAS, in accordance with the provisions of Section 551 086 of the Texas Government Code, after public notice, the City Council, a "Public Power Utility Governing Body" under Senate Bill 7, has discussed, deliberated, and considered the matter of this Agreement in a Closed Meeting on the 17th day of October, 2000, after determining by a preliminary majority vote of its members, that the consideration of this Agreement is related to DME's competitive activity, including commercial information, which if disclosed, would give advantage to its competitors or prospective competitors, and thereafter, the City Council, by a vote taken in said Closed Meeting, voted for approval of the Agreement, and WHEREAS, the City Council has further determined that the "Agreement" to be entered into by and between the City and Denton Garland Greenville Power Pool ("DGG") should be excepted from any public disclosure, as permitted by the provisions of Section 552 131 of the Texas Government Code, as a document that is reasonably related to a competitive electric matter, the disclosure of which document would provide an advantage to DME's competitors or prospective competitors, and WHEREAS, the City Council deems it in the public interest for the City of Denton to enter into the Agreement, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS S_,ECTION 1 That the recitations and findings set forth in the Preamble hereinabove are hereby approved and made a part of this Ordinance SECTION 2 That the City Manager is hereby authorized to execute an Agreement by and between the City of Denton, Texas and the Denton Garland Greenville Power Pool, for the City's acquisition of additional capacity and energy for calendar year 2001, in substantially the form of the Agreement attached hereto and incorporated herewith by reference SECTION 3 That following the execution and delivery of the Agreement, the City Secretary is hereby directed to seal and maintain said Agreement in her custody and control, as a document excepted from public disclosure under the provisions of Section 552 131 of the Texas Government Code (the "Public Power Exception'), unless otherwise lawfully ordered to disclose said Agreement SECTION 4 That the expenditure of funds as provided in the attached Agreement is hereby authorized SECTION 5 That this ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED this the � day of oC44&,4— , 2000 &h4l,e, &Ck EULINE BROCK, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY By AP ?OVEDOA=S TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY By ALN Q=Q S \Our Documents\Ordmances\00\DGG DME Capacity Purchase 2001 Ord doc GARLAND September 19, 2000 Ms Sharon Mays Denton Municipal Utilities 901-A Texas Street Denton, TX 76201 Re 2001 Capacity Sale and Purchase Dear Ms Mays This letter is written to confirm the Denton Garland Greenville Power Pool (DGG) capacity sale by DGG members the City of Garland and the Greenville Electric Utility System (Sellers) to DGG member the City of Denton (Buyer) for the one year period beginning January 1, 2001 In addition to regular DGG economic dispatch functions, Sellers are willing to furnish Buyer the rights to 40 MW of capacity, during each month of calendar year 2001, under the following terms 1 ) Buyer agrees to pay Sellers $180,000 each calendar month of 2001 Invoicing and payment will be deemed made by adjustments to each monthly DGG Energy Summary — Preliminary 2) Sellers will split the revenues in accordance with a proportionate excess capacity calculation to be made prior to October 1, 2000, and will provide Buyer with data on generation sources to enable Buyer to include the capacity purchased in its Annual Planned Service Request 3) Buyer �grees to commit all of its generation resources to DGG economic dispatch operation, and to operate such resources in accordance with the policies of the DGG P&O Committee, during the entire term of the capacity sale 4) Sellers !have no obligation to deliver any energy or operating reserves by virtue of this capacity sale Buyer and Sellers will continue to deliver, receive and price economy energy in accordance with the policies of the DGG P&O Committee 5) Buyer recognizes that the offer to sell capacity hereunder reflects Sellers current price only to purchasers i) purchasing a fixed amount of capacity for each month during calendar year 2001, n) having no right to or call on any energy or operating reserves as a result of the capacity purchase, and iii) willing to commit all of their generation assets to DGG joint operation during the term of the capacity purchase 6 ) Buyer agrees that it will not resell or assign the rights to any capacity purchased hereunder from Sellersiwithout the prior consent of Sellers