AGENDA MEMORANDUM

 

 

Meeting Date:           October 24, 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, dated August 8, 2011 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.

 

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:

 

                                    From                                                                To

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

 

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:    10/18/2011 9:25 AM____

 

Department: ___Electric_______________

Prepared by:  ___Paul Kalv_____________                     

Attachments:         Yes__X__   No _____

Advertised:   ____Not Required __X____                     

Dates:   __________________________                     

Attorney Review :       Yes_X__  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head _Paul Kalv__

 

Finance  Dept. ______JB__________                                     

                              

Deputy C.M. ________   __________                                                                         

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, 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.

 

 

 

                                                                            __________________________

                                                                             Mayor

 

ATTEST:

 

 

____________________________________

City Clerk