2011-011 RES TEXAS COALITION FOR AFFORDABLE POWER TO NEGOTIATE EXTENSION TO CURRENT ELECTRIC SUPPLY WITH NEXT ERA FOR 2011-2013

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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 IVext 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, 1VOW 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 to begin as soon after finalization of a contract as possible and extending up to December 31, 2018, so long as the extension results in savings over the current contract term of 2011- 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 its load for the same period pursuant to the contract recommended and approved by the TCAP Board of Directors, 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 savings for the City and that the fixed price for the period 2011-2013 will continue through December 31, 2018. 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.