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HomeMy WebLinkAbout~Master - Renewal of contract for Transaction Confirmation for Power Plant RESOLUTION NO. 16-650 RESOLUTION APPROVING RENEWAL OF CONTRACT FOR TRANSACTION CONFIRMATION FOR POWER PLANT FOR THE CITY OF AMES WHEREAS, over the past year, Electric Services converted both of the Power Plant's coal- fired generators to use natural gas; the Power Plant now typically burns 12,000 MMBtu of natural gas daily to generate electricity and consume refuse-derived fuel; and, WHEREAS, this contract is for a firm to provide its asset management services to manage the City's natural gas purchases and gas pipeline transportation contracts; the contracted company serves as a bridge between the natural gas commodity already under contract and the delivery services already contract; and, WHEREAS, on October 27, 2015, the Council awarded a contract to BP Canada Energy Marketing Corp. of Omaha,Nebraska, for the AMA/Pipeline services for the City of Ames; and, WHEREAS, BP has provided three separate renewal agreements, each providing a different service, and this renewal is for a Transaction Confirmation; and, WHEREAS, the Transaction Confirmation agreement outlines the tens and conditions when the actual amount of natural gas burned in a day is greater than 14,000 dekathens; for these events, BP Canada will purchase both additional natural gas and additional natural gas transport service on behalf of the City and charge the City for the gas,plus its adder. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa, that renewal of the contract with BP Canada Energy Marketing Corp. of Omaha, Nebraska, for Transaction Confirmation is hereby approved. ADOPTED THIS 15th day of November, 2016. lil& A. Diane R Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Gartin Seconded by: Corrieri Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 15th day ofNovember, 2016.