09/11/2018 Resolutions 2018-266�
I
RESOLUTION 2018-266
WHEREAS, At the 1VIay 22, 2012 meeting, Council approved a Marketing Agreement
with Tenaska to provide a means for the Utilities Department to buy and sell power through the
regional Southwest Power Pool (SPP) market; and
WHEREAS, recently SPP implemented changes to the capacity requirements for each
entity that participates in the market including the ability to impose financial penalties for being
under the required capacity threshold; and
WHEREAS, because these penalties are calculated on a per-entity basis, Tenaska
needed to develop a method to ensure the penalties are properly assessed to the entity generating
below the capacity threshold; and
WHEREAS, Tenaska recommends an amendment to the original Marketing
Agreement to transfer capacity related obligations including any penalties to the City of Grand
Island's Market Participation registration and this ensures the City is treated fairly when it come to
capacity requirements; and
WHEREAS, the Legal Department has reviewed and approved the Amendment
between the City of Grand Utilities Department and Tenaska.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Amendment # 1 to the Marketing Agreement
with Tenaska is approved, and the Mayor is hereby authorized to sign the agreement on behalf of the
City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, September 1 l, 2018.
Attest:
0.���1.
RaNae Edwards, City Clerk
Je emy . J en, ayor
Approved as to Form �
September 10, 2018 x Cit� ttorney