Staff recommends approval of the Alternative A&G Methodology Agreement with Florida Power Corporation d/b/a/ Progress Energy Florida.
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.
1. Approve the Alternative A&G Methodology Agreement, or
2. Such alternative action as the Commission may deem appropriate
Ensures proper allocation of CR3 A&G expenses.
Prepared by: ___Paul Kalv_____________
Attachments: Yes__X__ No _____
Advertised: ____Not Required ______
Attorney Review : Yes_X__ No ____
Reviewed by: Dept. Head _Paul Kalv__
Finance Dept. ______JB__________
Deputy C.M. ________DD_________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF 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 __25th___ day of _ July_____, 2011.