Agenda Item
Meeting Date: 7/10/2019 - 7:00 PM
Category: Consent Agenda Items
Type: Action
Subject: Approval of Electric Market Contract Rate Lock
Vision 2022:
Policy: 4.171 - Energy Management Conservation
Background: The District currently has an electric supply agreement from December 2018 through December 2020 for a fixed energy rate of $.03380/KWh, and from December 2020 through December 2022 for a fixed energy rate of $.03111/KWh. Market factors of low crude oil and natural gas prices, along with record storage have kept prices depressed. Electricity rates for 2022 and beyond have broken through lows set back in 2016.
File Attachment:
Summary: We are asking the Board for approval to grant the Assistant Superintendent of Business Operations authority to execute up to a twenty-four month future electricity agreement not to exceed the fixed energy rate of $.02950/KWh with a start date of December 2022. This authority was also given with the last contract period and was very successful in locking in an affordable fixed rate for the District.
Funding: O&M Budget-TBD
Recommendation: It is recommended that the Board of Education grant the Assistant Superintendent of Business Operations authority to execute up to a twenty-four month future electricity agreement not to exceed the fixed energy rate of $.02950/KWh with a start date of December 2022.
Approvals:
Recommended By:
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Ginna Ericksen Moved, Member Chris Crabtree seconded to approve the Original motion 'It is recommended that the Board of Education grant the Assistant Superintendent of Business Operations authority to execute up to a twenty-four month future electricity agreement not to exceed the fixed energy rate of $.02950/KWh with a start date of December 2022.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0.
The motion Carried 6 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Yes
Chris Crabtree     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes