HomeMy WebLinkAboutResolution No. 028-25 - Resolution - Sale of Excess Accredited Generation Capacity
RESOLUTION
Authorizing the Sale of Excess Accredited Generation Capacity.
WHEREAS, the City of Rochester’s Home Rule Charter under Section 15.07 Subd. 2(B)
dictates that the Rochester Public Utility (RPU) Board, with authorization by resolution of
the Common Council, may enter into a contract if the contract Involves the sale or
purchase of real or personal property in an amount greater than $100,000; and
WHEREAS, the RPU Board has approved a sales agreement with another utility provider,
known as a bilateral sale, of Excess Accredited Generation Capacity for the amount of
$1,101,600, over the term of June 1, 2025 – May 31, 2027; and
WHEREAS, this sale is not occurring through existing contracts and was not considered
in the 2025 Budget, necessitating Common Council approval in accordance with the City’s
Charter as previously referenced; and
WHEREAS, without this agreement, the excess capacity will then follow the approved
contracts and/or be sold at the market capacity auction, likely resulting in getting a much
lower price for the excess capacity.
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Rochester, Minnesota, that the sales agreement for sale of Excess Accredited Generation
Capacity as referenced in this action is hereby approved.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)