HomeMy WebLinkAbout1983-147-09/20/1983-ESTABLISHING CITY OF FORT COLLINS POSITION ON WAPA MARKETING PLAN ` RESOLUTION 83- 147
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ESTABLISHING CITY OF FORT COLLINS POSITION
ON WAPA MARKETING PLAN
WHEREAS, the City of Fort Collins ( "Fort Collins") has, in cooperation
with the Town of Estes Park and the cities of Longmont and Loveland,
created the Dlatte River Power Authority ("Platte River") for the purpose
of providing electric power and energy to the four municipalities at the
lowest cost possible, and
WHEREAS, Platte River has acquired the allocations of Federal hydro-
electric power previously held by each of the municipalities and is now the
all-requirements provider of capacity and energy to Fort Collins, and
WHEREAS, the continued purchase of capacity and energy by Platte River
from the Federal government as a preference customer under Reclamation law
is a cornerstone of the financial integrity of Platte River' s bonds and
Platte River' s ability to supply power at the lowest possible cost, and
WHEREAS, Fort Collins is fully informed, as part owner and as a
wholesale customer of Platte River, as to the benefits of Federal power and
will continue, as it has in the past, to make the highest and best use of
that resource
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that
(1) Fort Collins strongly supports the Western Area Power
Administration' s plan to allocate Federal hydroelectric
resources to preference customers under Reclamation law
(2) Fort Collins strongly recommends that each preference
customer currently receiving capacity and energy from
Western Area Power Administration should continue to receive
the same allocation of capacity and energy in the Post-1989
Marketing Plans
(3) Fort Collins is opposed to any concept of reallocating of
Federal capacity and energy directly to it and thereby
bypassing its instrumentality, the Platte River Power
Authority Such bypassed allocation would represent a
significant loss to the financial base of Platte River and
would damage Platte River' s future bond ratings and ability
to obtain borrowed capital at a reasonable cost
(4) Fort Collins further strongly objects to the imposition of
additional eligibility requirements on any existing pre-
ference customers, especially h ) when the proposed require-
ment is uncertain as to meaning and feasibility of practical
application and hi) when the proposed determination as to
compliance is reserved solely to the ,judgment of Western
Area' s Administrator
(5) Fort Collins hereby designates its Electric Utility Direc-
tor, Bill D Carnahan, as its official spokesman at WAPA
hearings and in such other matters relating to the WAPA
Marketing Plan
Passed and adopted at a regular meeting of the City Council held this 20th
day of September, A D 1983
r
ATTEST MV
-2-