AGENDA MEMORANDUM

 

 

Meeting Date:           June 27, 2011

 

From:                          Paul Kalv, Electric Director

 

Subject:                      Resolution authorizing an Alternative A&G Methodology Agreement with Florida Power Corporation d/b/a Progress Energy Florida, Inc. (PEF)

 

 

Staff Recommendation:

Staff recommends approval of the Alternative A&G Methodology Agreement with Florida Power Corporation d/b/a/ Progress Energy Florida.

 

Analysis:

As a non-operating joint owner of the Crystal River Unit 3 nuclear electric generating unit located in Citrus County, Florida (CR3), Leesburg receives a pro-rata share of the generation output and is responsible for a pro-rata share of all operating costs.  The Alternative A&G Methodology Agreement provides for a methodology for the allocation of A&G expenses assignable to CR3.

 

 

Options:

1.  Approve the Alternative A&G Methodology Agreement, or

2.  Such alternative action as the Commission may deem appropriate

 

 

Fiscal Impact: 

Ensures proper allocation of CR3 A&G expenses.

 

 

Submission Date and Time:    6/22/2011 5:58 PM____

 

Department: ___Electric_______________

Prepared by:  ___Paul Kalv_____________                     

Attachments:         Yes__X__   No _____

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes_X__  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head _Paul Kalv__

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ________DD_________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________

 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN ALTERNATIVE A&G METHODOLOGY AGREEMENT WITH FLORIDA POWER CORPORATION D/B/A PROGRESS ENERGY FLORIDA, INC. (PEF); AND PROVIDING AN EFFECTIVE DATE

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

            THAT the Mayor and City Clerk are hereby authorized to execute an Alternative A&G Methodology Agreement with FLORIDA POWER CORPORATION D/B/A Progress Energy Florida, Inc. (PEF)., whose address is ATTN: Lauren Richards, 299 1st Avenue North, FEF 132 Accounting/Regulatory, St. Petersburg, FL 33701.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the __27th___ day of _       June_____, 2011.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

____________________________________

City Clerk