Item 4D Approve a two year contract extension with TXU Energy for a fixed rate agreement to provide the City with electricity.
Item 4D
Requested Action
Approve a two year contract extension with TXU Energy for a fixed rate agreement to provide the City with electricity.
Current Agreement
5 year agreement approved in November 2007
4th year of 5 year agreement
Expires November 2012
Current rate = $.0805676/kwh
Extension Agreement
Renegotiate 5th year rate
Extend agreement by two years
Current rate = $.06848/kwh
Includes purchase of 10% renewable energy
Participation in TXU energy efficiency incentive program
Financial Considerations
5th year cost savings = $97,800
2 year extension cost avoidance = $195,000
Questions: Ben Thatcher (817) 748-8005