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HomeMy WebLinkAboutMemo - Read Before Packet - 3/19/2019 - Memorandum From Tim Mccollough Re: Platte River Power Authority Organic Contract & Power Supply Agreement Extension - Item #11Utilities electric · stormwater · wastewater · water PO Box 580 Fort Collins, CO 80522 970.221-6700 970.221.6619 fax  V/TDD: 711 utilities@fcgov.com fcgov.com/utilities M E M O R A N D U M DATE: March 18, 2019 TO: Mayor Troxell and City Councilmembers FROM: Tim McCollough, Deputy Director, Utilities Light & Power THROUGH: Darin Atteberry, City Manager Jeff Mihelich, Deputy City Manger Kevin R. Gertig, Utilities Executive Director RE: Platte River Power Authority Organic Contract & Power Supply Agreement Extension BOTTOM LINE The Energy Board received a presentation at their regular meeting on March 14, 2019 regarding the Platte River Power Authority Organic Contract and Power Supply Agreement extensions. The Energy Board unanimously agrees to advise Council to support the changes made to the Organic Contract and Power Supply Agreement as drafted; however, they also agree with Mayor Troxell’s thoughts that he shared at the February 26 Council Work Session and the February 28 Platte River Board of Directors Meeting; that future changes regarding the City’s distributed energy future are necessary in these foundational documents. BACKGROUND Though the Energy Board supports the updates to the Platte River Power Authority Organic Contract & Power Supply Agreement Extension, Board members expressed concern about the language in the Power Supply Agreement not reflecting a wider range of distributed energy resources given the City’s long-term carbon reduction goals. To achieve these goals without being completely reliant on energy markets, the City will need interactivity between the Platte River Power Authority supply and Fort Collins Utilities and customers, which includes flexible loads, storage, and electric vehicles. The Board hopes future iterations of both agreements will revise the language to better align with the Utility’s distributed energy future and goals. DocuSign Envelope ID: 750A822C-BB6F-4D1E-9029-C1CE4F3E5E14