HomeMy WebLinkAbout024650 RES - 10/30/2001RESOLUTION
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO SIGN
AN ELECTRIC SUPPLY AGREEMENT WITH THE WINNING BIDDER
FOR THE ELECTRIC LOAD OF SOUTH TEXAS AGGREGATION
PROJECT, INC. UPON CONFIRMATION OF ECONOMIC BENEFIT TO
THE CITY
WHEREAS, the City of Corpus Christi, Texas ("City") is a member of the South Texas
Aggrregation Project, Inc. (STAP), a nonprofit political subdivision corporation dedicated to
securing electric power for its members in the competitive retail electric market effective January
1,2002;
WHEREAS, STAP has received bids from qualified bidders to serve approximately 42
STAP members approximately 300 million kWh annually;
WHEREAS, STAP has the expectation of negotiating with one or two bid finalists while
simultaneously working with a designated representative from each member City to establish and
maximize economic benefit;
WHEREAS, STAP has provided a window of opportunity for its member cities to
confirm that the winning bid provides economic advantage to each member when the pricing and
terms of the winning bid are compared to perpetuation of service from the affiliated provider of
the incumbent utility with price to beat rates and independent economic advantage with regard to
the pricing of large non-price to beat accounts;
WHEREAS, it is necessary for the City to act expeditiously within the period between
the armonncement of the winning bid and the signing of power contracts;
WHEREAS, it is necessary for the City to have a contract for the supply of electricity in
the new competitive environment.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS:
Section 1. That the City Manager or his designee is hereby charged: (a) to confirm
that the winning bid to supply STAP's load will economically benefit the City when measured
against service from the affiliated REP of the incumbent utility and (b) to work with STAP in the
finalization of the contracting process and commitment of specific electric accounts of the City to
the aggregated load.
Section 2. That the City Manager or his designee is authorized to sign the necessary
power supply contracts or agreements ratifying the City's participation in STAP after confirming
economic benefit tot he City.
ATTEST:
THE CITY OF CORPUS CHRISTI
City Secretary
APPROVED:,.~5 .day of
,2001.
James R. Bray, Jr.
City Attorney
By: R. Ja~ei lr~ng ff
Assistant City Attorney
Corpus Christi, Texas
~ day ofC)(~~ ,2001
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Brent Chesney
Javier D. Colmenero
Henry Garrett
Rex A. Kinnison
Bill Kelly
John Longoria
Jesse Noyola
Mark Scott