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RESOLUTION NO. 2020-047 <br />RESOLUTION OF THE CITY OF PARIS, TEXAS <br />ADOPTING TCAP'S PROFESSIONAL SERVICES <br />AGREEMENT AND GEXA ENERGY'S COMMERCIAL <br />ELECTRIC SERVICE AGREEMENT FOR POWER TO BE <br />PROVIDED ON AND AFTER JANUARY 1, 2023 <br />WHEREAS, the City of Paris is a member of Texas Coalition For Affordable Power, Inc. <br />("TCAP"), a non-profit, political subdivision corporation of the State of Texas; and <br />WHEREAS, TCAP has previously arranged for the City to purchase power through Gexa <br />Energy with a contract set to expire December 31, 2022; and <br />WHEREAS, TCAP has designed a new procurement strategy that will involve TCAP <br />initially committing to purchase power two years in advance of delivery on behalf of its members <br />who desire participation in a Strategic Hedging Program ("SHP") that will involve a series of <br />monthly competitive auctions; and <br />WHEREAS, TCAP has prepared a Professional Services Agreement ("PSA"), attached as <br />Exhibit A, that, in addition to enumerating services and benefits to members of TCAP, provides <br />TCAP with specific authority to procure power in the wholesale market on behalf of members who <br />choose to participate in the SHP; and <br />WHEREAS, approval of the PSA is a necessary, but not sufficient, prerequisite to <br />participation in the SHP; and <br />WHEREAS, the PSA is a relational contract that defines services provided by TCAP to <br />members regardless of whether a member decides to commit to the SHP; and <br />WHEREAS, the industry -standard retail contract is a Commercial Electric Service <br />Agreement ("CESA") offered by a Retail Electric Provider ("REP"); and <br />WHEREAS, TCAP has negotiated modifications to the current CESA between the City <br />and Gexa Energy to reflect participation in the SHP; and <br />WHEREAS, the CESA that will facilitate participation in the SHP effective for power <br />deliveries in and beyond 2023 (attached as Exhibit B) will need to be approved and signed prior <br />to October 1, 2020; and <br />WHEREAS, the City desires to participate in the SHP. <br />7907968 <br />