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HomeMy WebLinkAboutMinutes 10/30/2008 e CALL TO ORDER - SPECIAL MEETING: ROLL CALL: PLEDGE OF ALLEGIANCE: Bonneville Power Administration Power Sales Ag~eement e 6337 CITY COUNCIL SPECIAL MEETING Port Angeles, Washington October 30, 2008 Mayor Braun called the special meeting of the Port Angeles City Council to order at 5:06 p.m. Members Present: Mayor Braun, Deputy Mayor Wharton, and Councilmembers Di Guilio, Kidd, and Perry. Members Absent: Councilmembers Rogers and Williams. Staff Present: Interim Manager Osterman, Attorney Bloor, Clerk Upton, L. Dunbar, and P. Lutz. Public Present: Those present in the audience failed to sign the roster. The Pledge of Allegiance to the Flag was led by Councilmember Perry. Bonneville Power Administration Power Sales Agreement: Deputy Director of Power Systems Dunbar i)1formed the Council that the overview ofthe new Power Sales Agreement and Tiered Rates Methodology was being presented'to the Council for information only at this time. Currently, the City's Electric Utility has a Power Sales Agreement that is in effect through September, 2011. The Transmission Service Agreement is in effect through September 30,2036. Deputy Director Dunbar indicated a new Power Sales Agreement has been offered to the City by the Bonneville Power Administration (BP A), which must be accepted by the City no later than December 1,2008. He indicated the City must make a decision on how it will provide its Tier 2 rate, which will be a major decision. He then introduced BP A Account Executive Shannon Greene. Shannon Greene, Bonneville Power Administration, 9091'1 Ave., #308, Seattle, used Power Point slides to discuss the implementation of the Regional Dialogue Policy, indicating the BP A wanted to institute the,changes before a change inthe Administration. She stated that Bonneville desired to secure low cost power of the Federal-based system for the ratepayers and consumers of the Pacific Northwest. Ms. Greene indicated there would be twenty-year contracts with a 17-year implementation period, and the utilities would have a choice on how to meet their future load growth. She defined the Regional Dialogue, discussing the current contractual relationship with the City, as well as the Regional Dialogue contractual relationship. She specifically addressed the Load Following Power Sales Agreement, the Take or Pay arrangement, and the contractual right to the lowest priority firm rate. Port Angeles would have choices on how to meet and serve above the Tier I load by developing resources, purchasing resources, conservation, or purchasing Tier 2 products from BP A. Ms. Green reiterated that the signature deadline is December 1, 2008, and she reviewed the power product options that include load-following, block, and slicelblock. She also reviewed ,the tiered rate methodology, the Tier 2 products, and the time line for this consideration. Deputy Director Dunbar used PowerPoint slides to review the Power Sales Agreement, - I - 6338 CITY COUNCIL SPECIAL MEETING October 30, 2008 Bonneville Power Administration Power Sales Agreement (Cont'd) Tiers 1 and 2, and he showed examples under the current system and the proposed system. He noted that costs are similar to today for Tier 1, but the City may be subject to wholesale market risk. To that end, he felt it would be prudent for an increase in operating reserves. Deputy Director Dunbar also reviewed the time line for consideration of the Power Sales Agreement by the Utility Advisory Committee and the City Council, indicating a decision should be made by the Council at its meeting of November 18,2008, so that acceptance could occur prior to December 1,2008. The Tier 2 decision must be made by November 1,2009, with an effective date of October 1,2011. e Mayor Braun departed the meeting at 6: 11 p.m. Discussion followed, a.nd Deputy Director Dunbar and Ms. Greene responded to questions posed by the Council. ADJOURNMENT: The meeting was adjourned at 6:29 p.m. )-1 '~ ~ J/- c-c......... Gary Br~or b~,L~ Becky 1. Up , C Clerk e - 2 -