19-A-1 - Atty's Report - CAPP - Laserfiche WebLink

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► The city attorney has been placed in the group to review the requests for proposals when they come in from the electric providers. The time line for this activity has not yet been scheduled. ► June 14, 2001, has been scheduled as the next board meeting at 10:00 a.m. ► Once the proposals are received from the REPs, and evaluated by the review committee, there is an approximate six-week period from August the 13th to the end of September for a city to opt in to the negotiated price, or to go its own way to purchase power. During that time frame, the consultants will provide each city an analysis of the pricing through the competitive process as well as pricing information available from other sources. It is important to remember that if a city does not go with the CAPP pricing, it will be on its own to attempt to negotiate a price for power. Obviously, if one assumes the two key components in getting a favorable price under this new scheme will be based on power consumption and how stable the consumption rate is, being a member of CAPP is favorable on both of those points. ► It is anticipated that for a city to formally opt in to the CAPP price, it will need to pass a resolution and probably approve a simple form contract between CAPP and the city manifesting the city's commitment to purchase power through CAPP at the CAPP price. STAFF CONTACT: Larry W. Schenk, City Attorney ; Michael E. Malone, City Manager; W. E. Anderson, Finance Director SCHEDULE: The next membership meeting of CAPP is currently scheduled for June 14, 2001. ADDITIONAL MATERIALS: See enclosed CAPP materials, as well as an excellent article from a recent edition of Consumer Reports on electric deregulation.