HomeMy WebLinkAboutRES 2005-08 - Board TRUCKEE DONNER
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Resolution No. 2005 - 08
AUTHORIZING DISTRICT STAFF TO ENTER INTO
CONTRACTS FOR POWER SUPPLY
AND RELATED SERVICES
WHEREAS, the District has entered into contracts with Constellation Power Source (CPS) for the
purchase of wholesale power and energy that end December 31, 2007; and
WHEREAS,the District has entered into a contract with Western Area Power Administration(WAPA)
for the purchase of a small amount of energy supply; and
WHEREAS,the District has entered into a contract with Northern California Power Agency(NCPA)for
scheduling services; and
WHEREAS,the UAMPS IPP3 unit is scheduled to come on line during 2011 and will be a great asset
to the District after it is on line
WHEREAS, the District will need to secure power for its customers for the period of 2008 through
2011; and
WHEREAS, the increasingly volatile power supply market has made it difficult to get dealers to hold
prices;
WHEREAS, in order to secure the best prices for power supply and related services and to avoid
paying a substantial premium, it is in the best interests of the District that the Board authorize staff to
pre-qualify interested bidders, seek competitive bids and establish parameters for the purchase of
power and related services and delegate to the General Manager and/or the Power Supply Engineer
the authority to enter into and execute such agreements on behalf of the District in accordance with
the parameters established by the Board and set forth in this Resolution; and
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS THAT:
1. The Board adopts the above recitals as findings.
2. District staff is authorized to prepare and circulate a Request for Proposals for the purpose of
identifying entities that are interested in being pre-qualified in terms of credit requirements,
financial strength and other conditions as may be determined to be appropriate by staff and
submitting competitive bids to provide the District with power supply and/or related services for
the period from approximately January 1, 2008 through approximately December 31, 2011.
3. District staff is authorized to pre-qualify entities interested in bidding on the power supply
and/or related services contracts for the period from approximately January 1, 2008 through
approximately December 31, 2011.
4. District staff is authorized to seek competitive bids for a power supply and/or related services
for the period from approximately January 1,2008 through approximately December 31,2011.
Resolution 2005-08
5. After pre-qualifying bidders and seeking competitive bids as set forth above, the General
Manager and/or the Power Supply Engineer of the District are authorized to enter into and
execute power supply and related services contracts, provided such contracts are within the
following parameters:
a) Contract term shall be for the period approximately beginning January 1, 2008 through
approximately December 31, 2011.
b) Contract quantities shall be in substantially similar amounts as those that appear on
Exhibit A, attached hereto.
c) Contract shall include puts, calls or comparable hourly shaping provisions the pricing of
which shall be based on prevailing market prices.
d) The price for power shall not exceed $56.00 per MWH.
d) Contract shall be with a counterparty that is rated at least BBB+, or whose obligations
are guaranteed by an entity that is rated at least BBB+, and shall include adequate
protection in the event the counterparty, or its guarantor, shall experience a rating
downgrade.
6. The authority granted to the General Manager and the Power Supply Engineer pursuant to
this Resolution shall expire on August 31, 2006.
7. The General Manager or the Power Supply Engineer shall inform the Board of Directors of
any contracts entered into and executed pursuant to this Resolution.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the
District on the first day of June, 2005 by the following roll call vote:
AYES: Directors Aguera, Hemig, Taylor and Thomason
NOES: None
ABSTAIN: Director Sutton
ABSENT: None
TRUCK DON PUBLIC UTI ITY TRICT
J. ,3,rofd Hemig, President of the Board
ATTEST:
N Peter L. Holzmeister, District Clerk
Resolution 2005-08
Exhibit "A"
TDPUD Projected Block Purchase
Load Growth 2% 2% 2% 2% 2% 2% 2%
Western
Adjustment 0
as of Feb 2005
HLH
2005 2006 2007 2008 2009 2010 2011
Jan 21 21 22 22 23 23 24
Feb 21 21 22 22 23 23 24
Mar 18 18 19 19 19 20 20
Apr 16 16 17 17 17 18 18
May 16 16 17 17 17 18 18
Jun 16 16 17 17 17 18 18
Jul 18 18 19 19 19 20 20
Aug 18 18 19 19 19 20 20
Sep 17 17 18 18 18 19 19
Oct 17 17 18 18 18 19 19
Nov 19 19 20 20 21 21 21
Dec 21 21 22 22 23 23 24
LLH
2005 2006 2007 2008 2009 2010 2011
Jan 17 17 18 18 18 19 19
Feb 17 17 18 18 18 19 19
Mar 15 15 16 16 16 17 17
Apr 13 13 14 14 14 14 15
May 12 12 12 13 13 13 14
Jun 12 12 12 13 13 13 14
Jul 13 13 14 14 14 14 15
Aug 13 13 14 14 14 14 15
Sep 12 12 12 13 13 13 14
Oct 13 13 14 14 14 14 15
Nov 15 15 16 16 16 17 17
Dec 18 18 19 19 19 20 20
Su day HLH
2005 2006 2007 2008 2009 2010 2011
Jan 5 5 5 5 5 6 6
Feb 3 3 3 3 3 3 3
Mar 2 2 2 2 2 2 2
Apr 3 3 3 3 3 3 3
May 4 4 4 4 4 4 5
Jun 5 5 5 5 5 6 6
Jul 5 5 5 5 5 6 6
Aug 5 5 5 5 5 6 6
Sep 5 5 5 5 5 6 6
Oct 5 5 5 5 5 6 6
Nov 4 4 4 4 4 4 5
Dec 3 3 3 3 3 3 3
Resolution 2005-08