Title
Update on the New Mexico Municipal Energy Acquisition Authority (NMMEAA) Natural Gas Supply Agreement
Body
This presentation and discussion builds upon the introductory presentation to the Board of Public Utilities on January 15, 2025, item 19573-25. This presentation will have Mr. George Majors of The Majors Group providing a deeper discussion and knowledge of the financial and structural arrangements of the NMMEAA 2025 renewal.
Alternatives
When the 2025 renewal comes before the Board of Public Utilities and County Council, should the County elect not to adopt the resolution and participate in the refinancing and potential extension, the alternative is to make a Remarketing Election, essentially withdrawing from the deal, and simply accept market prices with no discount, or pursue other potential prepay arrangements with other counterparties.
Fiscal and Staff Impact
While it is not possible to know the exact fiscal impact now, NMMEAA is taking steps to ensure the discount offered will be the most reasonably attainable for this type of prepay transaction.
Attachments
A - NMMEAA Presentation_Majors
B - Draft Resolution 25-03