05/24/2022 Resolutions 2022-150RESOLUTION 2022-150
WHEREAS, at the May 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, Auction Revenue Rights (ARR) and Transmission Congestion Rights
(TCR) are components of our electric transmission transactions that we must regularly conduct to
receive energy from our participation in generating facilities outside of Grand Island, and currently,
our excess ARR/TCR's are not used; and
WHEREAS, at the March 24, 2020 meeting, Council approved Amendment #2 to the
original Marketing Agreement to allow Tenaska the ability to participate in the annual ARR/TCR
market with our excess ARR/TCR's on a commission basis based on their acceptance of all risk and
financial loss; and
WHEREAS, Tenaska proposes under the terms of Amendment #5 to also participate
in the monthly ARR/TCR markets with our excess ARR/TCR's on a commission basis based on
their acceptance of all risk and financial loss.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Amendment #5 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, May 24, 2022.
Roger G. Steele, Mayor
Attest:
�0.�0�.� 7�i.c�J �a
RaNae Edwards, City Clerk
Approved as to Form tt
May 23, 2022 � City Attorney