HomeMy WebLinkAbout~Master - Contract Renewal for Electric Market Participant Services Software RESOLUTION NO. 23-258
RESOLUTION APPROVING CONTRACT RENEWAL FOR ELECTRIC MARKET
PARTICIPANT SERVICES SOFTWARE
FOR THE CITY OF AMES
WHEREAS, Electric Services provides electricity to most of the residents in Ames. Energy
that is not produced by the City's local electric generation or received from the long-term wind contract
is purchased through a regional organization called the Midcontinent Independent System Operator
(MISO); and,
WHEREAS, Energy is purchased on a day-ahead and realtime basis, to match the utility's
electric requirements with energy production. To accomplish this, sophisticated software is needed to
balance electric load forecasting information, wind production forecasts, and generation pricing to
create the right balance of local generation and market purchases; and,
WHEREAS, a subscription for market-specific software that provides the necessary platform,
tools,and functionality to enable staff at Electric Services to transact and communicate with the MISO
Energy Market. This software enables Electric Services to market, schedule, and manage the City's
load(the electrical demand needed by its customers)and its wind generation in MISO. The use of this
software enables staff to make strategic decisions to optimize the utility's portfolio in the MISO market
and provides the critical tools needed by staff to check the accuracy of MISO's complex billing system;
and,
WHEREAS,on May 26,2020,the City Council awarded a three-year contract to MCG Energy
Solutions, LLC, Minneapolis, MN, for MISO Energy Market software service. The contract includes
a provision that would allow the City to renew the contract for up to two additional one-year terms.
This is the first of two optional renewal periods; and,
WEHEREAS, as stated in the contract,there is a 2.5% cost increase each year.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the contract renewal with MCG Energy Solutions, LLC, Minneapolis, MN, for MISO Market
Participant Services in the amount of$115,011.89 for the period of July 1, 2023, through June 30,
2024, is hereby approved.
ADOPTED THIS 9th day of May, 2023.
e4 W_ 4�z e e�
Renee hall, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck,Rollins
Voting nay: None Absent:None
Resolution declared adopted and signed by the Mayor this 9th day of May,2023.