File #: 22-0081   
Type: Payment Ordinance Status: Adopted
Meeting Body: City Council Formal Meeting
On agenda: 4/20/2022 Final action: 4/20/2022
Title: State of Arizona Power Authority

Title

State of Arizona Power Authority

 

Description

For $200,000.00 in annual payment authority for the monthly billings under Contract 143595 for the Power Consumption Agreement with the Arizona Power Authority for the Water Services Department. The contract allows the City to receive a 50-year supply of renewable energy through separate credit agreements with Salt River Project and Arizona Public Service. The contract also allows the City to receive energy at reduced costs.