10/14/2003 Resolutions 2003-279
I
I
I
RES 0 L UTI 0 N 2003-279
WHEREAS, on February 18, 2003, by Resolution 2003-52, the City Council for the
City of Grand Island approved a Memorandum of Understanding between the City of Grand Island
and the Omaha Public Power District (OPPD) to finalize the terms and conditions of a Participation
Power Agreement to obtain up to 30MW of energy after the Omaha Public Power District Nebraska
City Unity #2 is constructed and operational; and
WHEREAS, the cost of natural gas produced electric energy has increased to over
five times that of coal fired energy, increases in gas consumption have a major impact on finances;
and
WHEREAS, public power utilities in Nebraska are cooperating in the development of
coal fired power plants to meet continued electric load growth in the state; and
WHEREAS, participation with other Nebraska coal-fired power plants is a cost
effective means to provide low cost energy sources as the City's electric loads grow; and
WHEREAS, OPPD is constructing a 600MW unit at their existing plant site on the
Missouri River near Nebraska City, which will have 300MW of generating capacity and energy
available to other entities; and
WHEREAS, negotiations have progressed with OPPD to the point that a Power
Participation Agreement has been prepared for the City to obtain up to 30MW of energy from them if
needed; and
WHEREAS, the City Attorney and the City's bond counsel have reviewed and
approved the proposed Power Participation Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the Power Participation Agreement between
the City of Grand Island and Omaha Public Power District is hereby approved to obtain up to 30MW
of energy from OPPD after its Nebraska City Unit #2 plant is constructed and operational.
BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to
execute such Power Participation Agreement on behalf of the City of Grand Island.
Adopted by the City Council ofthe City of Grand Island, Nebraska, October 14,2003.
Qr\Q.L ~<b
RaNae Edwards, City Clerk
Approved as to Form a p JeAAJ
October 10, 2003 a City Attorney