Staff recommends approval of the Alternative A&G Methodology Agreement, dated August 8, 2011 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.
On July 25, 2011 the Leesburg Commission authorized an Alternative A&G methodology Agreement dated May 17, 2011. During the month of July 2011, Seminole Electric Cooperative, Inc. offered several wordsmith changes that were subsequently approved by staff representatives from the CR3 participants.
The revisions do not alter the intent or substance of the Alternative A&G Methodology Agreement and include the following:
First paragraph: May 17, 2011 August 8, 2011
City of Ocala d/b/a/ Ocala Electric Utility City of Ocala
Section 1 assigns/assigns/assign assignees/assignees/assignee
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 __X____
Attorney Review : Yes_X__ No ____
Reviewed by: Dept. Head _Paul Kalv__
Finance Dept. ______JB__________
Deputy C.M. ________ __________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, REPEALING RESOLUTION 8876, APPROVED JULY 25, 2011, AND 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THAT Resolution 8876, adopted July 25, 2011 is hereby repealed, and
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: Barb Afield, 299 1st Avenue North, PEF 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 __24th___ day of _ October_____, 2011.