Item 4EItem 4E TXU Energy Agreement for the Supply of Electricity
November 6, 2007
Background
City currently pays month-to-month for electric service
Expenses are unpredictable
Current average rate:
14.5 cents per kilowatt hour
Research
City solicited quotes from:
TXU Energy (current provider)
Several other providers
Quotes received:
Within fractions of a cent of one another
Well below the City’s current average rate of 14.5 cents per kilowatt hour
TXU Energy’s Proposal
Customer service
DPS facility included in contract
$.0805676 per kilowatt hour rate
Annual estimated savings of $150,000
60-month term
10% power from renewable energy sources
Contract Benefits
Protection from market uncertainties
12.5%
Additional Reserve Margin 2009 and beyond represents new TXU plants with interconnect agreements. (Sandow & Oak Grove)
Oak Grove is still Pending Air Permits!
ERCOT Reserve Margins 1999 to 2012
Contract Benefits
Take advantage of current low rates
QUESTIONS?
Contact:
Alison Ortowski
817.748.8261
or
Sharen Jackson
817.748.8042