01/24/2017 Ordinances 9620ORDINANCE NO. 9620
An ordinance to approve the Power Participation Agreement with Prairie Hills,
LLC, to provide renewable energy to the City of Grand Island for a twenty-five year tertn with
annual pricing based on an escalation factor for energy produced by the Project.
SECTION 1. On May 3, 2012 Council approved a resolution to direct the
Utilities Department to evaluate potential renewable energy projects and provide to Council
recommendations for participation as needed to maintain a balanced energy portfolio.
SECTION 2. The Utilities Department issued a Request for Proposals for
Renewable Energy Sources and received responses from twelve power project developers.
SECTION 3. Based on a matrix including company experience, economics, and
commercial terms, the Utilities Department evaluation team selected Prairie Hills, LLC as the
best respondent to the Request for Proposals.
SECTION 4. The Power Participation Agreement with Prairie Hills, LLC
provides for a twenty-five (25) year term with annual pricing based on an escalation factor for
energy produced by the Project.
SECTION 5. The cost to the City is that for the actual energy produced and does
not require any upfront capital cost or on-going operation and maintenance costs.
SECTION 6. Included in the energy transaction is the transfer to the City for
Renewable Energy Credits (REC's) which are used by utilities to apply against any renewable
energy requirements and may be bought or sold.
BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF
GRAND ISLAND, NEBRASKA: that the Power Participation Agreement with Prairie Hills LLC
is hereby approved and this ordinance shall be inforce and take effect from and after its passage
Approved as to Form A
January 23, 2017 � ' ttorney
ORDINANCE NO. 9620 (Cont.)
and publication, within iifteen days in on issue of the Grand Island Independent as provided by
law.
Enacted: January 24, 2017.
Attest:
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RaNae Edwards, City Clerk * „��... *
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