HomeMy WebLinkAboutRES 2020-014 RESOLUTION N0. 2020-014
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, ADOPTING THE TEXAS COALITION
FOR AFFORDABLE POWER, INC. PROFESSIONAL
SERVICES AGREEMENT AND GEXA EfVERGY'S
COMMERCIAL ELECTRIC SERVICE AGREEMENT FOR
POWER TO BE PROVIDED ON AND AFTER JANUARY 1,
2023; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Grapevine, Texas is a member of Texas Coalition for
Affordable Power, Inc. ("TCAP"), a non-profit, political subdivision corporation of the State
of Texas; and
WHEREAS, TCAP has previously arranged for the City to purchase power through
Gexa Energy with a contract set to expire December 31, 2022; and
WHEREAS, TCAP has designed a new procurement strategy that will involve
TCAP initially committing to purchase power two years in advance of delivery on behalf
of its members who desire participation in a Strategic Hedging Program ("SHP") that will
involve a series of monthly competitive auctions; and
WHEREAS, TCAP has prepared a Professional Services Agreement("PSA''), that,
in addition, to enumerating services and benefits to members of TCAP, provides TCAP
with specific authority to procure power in the wholesale market on behalf of inembers
who choose to participate in the SHP; and
WHEREAS, approval of the PSA is a necessary, but not sufficient, prerequisite to
participation in the SHP; and
WHEREAS, the PSA is a relational contract that defines services provided by
TCAP to members regardless of whether a member decides to commit to the SHP; and
WHEREAS, the industry-standard retail contract is a Commercial Electric Service
Agreement ("CESA") offered by a Retail Electric Provider ("REP"); and
WHEREAS, TCAP has negotiated modifications to the current CESA between the
City and Gexa Energy to reflect participation in the SHP; and
WHEREAS, the CESA that will facilitate participation in the SHP effective for power
deliveries in and beyond 2023 will need to be approved and signed prior to October 1,
2020; and
WHEREAS, the City desires to participate in the SHP; and
WHEREAS, all legal prerequisites for the adoption of this resolution have been
met, including but not limited to the Local Government Code and the Open Meetings Act;
and
WHEREAS, the City Council hereby declares that the approval of this resolution is
in the best interests of the health, safety, and welfare of the public.
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. That the City Manager is authorized to sign TCAP's Professional
Services Agreement, and Gexa Energy's CESA, and send the agreements to TCAP,
15455 Dallas Parkway, Ste 600, Addison, TX 75001.
Section 3. That this resolution shall be effective from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 4th day of August, 2020.
' APPROVED:
Willia -D. Tate
Mayor
ATTEST:
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Tara Brooks � � ��'. .� i i
City Secretary ���\ �� YA �,'y
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APPROVED AS TO FORM:
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City Attorney
Resolution No. 2020-014 2