HomeMy WebLinkAbout~Master - Agreements for purchase and sale of electrical power RESOLUTION NO. 00-496
RESOLUTION APPROVING AGREEMENTS WITH
AQUILA ENERGY MARKETING CORPORATION TO PURCHASE
6 MW OF ELECTRIC CAPACITY AND AGREEMENT TO SELL
2.5 MW OF CAPACITY FOR 2001 AND 2002 TO
IOWA STATE UNIVERSITY
FOR THE CITY OF AMES,IOWA
WHEREAS,Electric staff annually prepares an updated report called the"Ames Municipal
Electric System Capability Analysis"in order to compare the installed electric generating capability
at the Ames Power Plant with the projected system (customer)peak demand each year; and,
WHEREAS,this Analysis shows that Ames needs an additional 3.5 MW of capacity through
the summer of 2004; and,
WHEREAS, Iowa State University has indicated that they have a need for 2.5 MW of
additional capacity for the summer of 2001 and 2002; and,
WHEREAS, Aquila Energy Marketing Corp. has offered 6 MW of capacity for 2001 and
2002 at a cost of$24,000/MW or a total of$144,000; and,
WHEREAS, an agreement to sell 2.5 MW of capacity for 2001 and 2002 to Iowa State
University has been prepared.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Capacity Purchase Agreements with Aquila Energy Marketing Corporation to purchase 6
MW of capacity in 2001 and 2002 are hereby approved and the agreement for the City of Ames,
Iowa, to sell 2.5 MW of capacity for 2001 and 2002 to Iowa State University is hereby approved.
ADOPTED THIS 24th day of October, 2000.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Wirth
Voting aye: Campbell, Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 24th day of October, 2000.