HomeMy WebLinkAbout~Master - Agreement with Mid-American Energy Company for purchase of power RESOLUTION NO. 06-062
RESOLUTION APPROVING AGREEMENT WITH
MID-AMERICAN ENERGY COMPANY FOR PURCHASE OF POWER
FOR THE CITY OF AMES,IOWA
WHEREAS, to effectively manage the power supply portfolio of the City, Mid-American
Energy Company(MEC)and the City have been party to a collective power sales agreement through
a regional electric utility organization called the Midwest Electric Marketing Association(MEMA);
and,
WHEREAS,in a recent rate filing with the Federal Energy Regulatory Commission(FERC),
MEC determined that the MEMA Agreement no longer met FERC guidelines; and,
WHEREAS,therefore, as of last month, MEC has refused to sell energy to the City under the
MEMA Agreement; and,
WHEREAS,rather than developing a new agreement from scratch,the City has chosen to use
a standard agreement developed by the Edison Electric Institute; and,
WHEREAS, the agreement serves as a foundation or underlying agreement through which
power purchases and sales can be made; and,
WHEREAS,this agreement will allow MEC to comply with FERC requirements and restore
the City's ability to purchase/sell capacity and energy with MEC.
NOW,THEREFORE,BE IT RESOLVED by the City Council ofthe City of Ames,Iowa,that
the Master Power Purchase and Sale Agreement between Mid-American Energy Company and the
City of Ames is hereby approved.
ADOPTED THIS 14`h day of February, 2006.
t/v eoo *V,4��
.Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Popken
Voting aye: Doll, Goodhue, Goodman, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14t'day of February, 2006.