19-MOTION TO APPROVE RESOLUTION AUTHORIZING THE TEXAS COALITION FOR AFFORDABLE POWER TO NEGOTIATE AND EXTENSION TO THE CURRENT ELECTRIC SUPPLY

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WHEREAS, suppliers demand assurance that TCAP will pay for all contracted load; and, WHEREAS, the City must assure TCAP that it will budget for energy purchases and honor its commitments to purchase power for its electrical needs through TCAP for the period beginning January 1, 2011 and extending through December 31, 2018; and, WHEREAS, TCAP intends to continue to contract with Next Era (power supply) and Direct Energy (billing, administrative and other customer services); and, WHEREAS, the current contractual relationships between TCAP and Next Era and Direct Energy have been beneficial and cost effective for TCAP members and the City, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the TCAP Board and its consultants and advisors are agents authorized to negotiate for the City's electricity needs as a member of TCAP and extend the current supply agreement through December 31, 2018. Section 3. That the City approves TCAP extending its current contract with Next Era for the supply of electric power and related, necessary services for the City for a term Decembe to begin as soon after finalization of a co nt sains p over bhea udrreextending nt co t acpte~m of 2011r 31, 2018, so long as the extension result g 2013 and results in fixed prices through December 31, 2018. Section 4. That the City Manager, be and he is hereby authorized and directed to execute on behalf of the City of Paris a contract with TCAP that permits the President of TCAP to sign a Commercial Electricity Supply Agreement ("CESA") for the City's electricity needs and related, necessary services beginning January 1, 2011 and extending up to December 31, 2018, as a member of TCAP and commits TCAP Bard of Directors pursuant to the contract recommended and pproved bY the provided that the energy price to be paid per kWh in 2011-2013 is less than the current contract price for 2011-2013 resulting in ber t3l, 201g nd that the fixed price for the period 2011-2013 will continue through Dce Section 5. That the City will budget and approve funds necessary to pay electricity costs proportionate to the City's load under the supply agreement arranged by TCAP and signed by the President of TCAP on behalf of all TCAP members for the term beginning as soon after finalization of a contract as possible and extending up to December 31, 2018. ~ 147