Title
Incorporated County of Los Alamos Resolution No. 18-09; A Resolution Authorizing and Approving the Carbon Free Power Project Power Sales Contract with Utah Associated Municipal Power Systems; Approving the Amended and Restated Initial Budget and Plan of Finance for the Project; and Related Matters.
Recommended Action
I move that Council approve Incorporated County of Los Alamos Resolution No. 18-09; A Resolution Authorizing and Approving the Carbon Free Power Project Power Sales Contract with Utah Associated Municipal Power Systems; Approving the Amended and Restated Initial Budget and Plan of Finance for the Project; and Related Matters.
Utilities Manager Recommendation
The Utilities Manager recommends that Council approve the Resolution as presented.
Board, Commission or Committee Recommendation
The Board of Public Utilities (BPU) will consider approval of the Power Sales Contract and the Budget and Plan of Finance during the agenda item just preceding this one at the joint Council/BPU meeting. The Board's recommendation will, therefore, be made during this evening's meeting.
Body
At the recommendation of a citizen ad hoc committee and the direction of the BPU, the Department of Public Utilities (DPU) was tasked to continue participating in the Carbon Free Power Project (CFPP) as an option for meeting the County’s power demands. The CFPP is being considered as a potential resource for replacing the County’s coal generation assets and to meet a Board-approved goal for the DPU to be a carbon-neutral electrical energy provider by 2040.
Prior to Council approval at this meeting, the BPU is also being asked to consider approval of the Power Sales Contract and Budget and Plan of Finance. More details about the project and additional attachments are included with that staff report. (Agenda item 5.A)
Alternatives
DPU will continue to look at the alternatives to meet the County’s electrical energy demands.
Fiscal and Staff Impact
The maximum...
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