AGENDA INFORMATION SHEET
DEPARTMENT: Denton Municipal Electric
CM/ DCM/ ACM: Bryan Langley
DATE: September 11, 2017
SUBJECT
Title
Receive a report, hold a discussion, and give staff direction regarding the Resource Planning and Power Supply Strategy for Denton Municipal Electric being conducted by Enterprise Risk Consulting.
Body
BACKGROUND
Staff has executed a professional services agreement with the independent firm of Enterprise Risk Consulting ("ERC") to provide strategic support by assisting with resource planning and the implementation of a revised long-term power supply strategy.
ERC, a professional firm who specializes in trading and risk management consulting services, has staff who have substantial experience in trading and energy economics. ERC project staff has served in senior roles in the energy industry, the financial services industry, and academia. ERC's expert knowledge in the energy industry makes them well-qualified to perform the update to the City's long-term power supply strategy plan.
The immediate focus for the consulting project is to enable the efficient operation of the Denton Energy Center (DEC) by the target completion date in the summer of 2018, and to meet Denton's original long-term goal of 70% renewable energy by 2019. The long range plan, which will be provided in the future, is to further develop Denton's portfolio of renewable resources and Denton's ability over the long-term to manage a power supply portfolio approaching 100% renewable energy.
This scope of work includes a revised resource plan, which will incorporate the addition of DME's Denton Energy Center to its power supply portfolio. Targets will be developed for completing DME's renewable power supply portfolio through the acquisition of a diversified set of power purchase agreements from renewable energy resources. Existing RFPs for renewable energy resources will be modified to ensure alignment with the revised resource plan.
Larry G. Lawrence, Presid...
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