Agenda Information Sheet
DEPARTMENT: City Manager's Office
CM/ ACM: Bryan Langley, Deputy City Manager
Date: October 23, 2017
SUBJECT
Title
Receive a report, hold a discussion, and give staff direction regarding the Resource Planning and Power Supply Strategy prepared by Enterprise Risk Consulting for Denton Municipal Electric.
Body
BACKGROUND
Staff 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 was 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 is to further develop Denton's portfolio of renewable resources and ability to manage a power supply portfolio approaching 100% renewable energy.
The purpose of this item is for ERC to present their recommended resource plan. This incorporates the addition of the Denton Energy Center to our power supply portfolio. Targets have been developed for completing DME's renewable power supply portfolio through the acquisition of a diversified set of power purchase agreements from renewable energy resources. Larry G. Lawrence, President, and Neil McAndrews, Senior Principal, of ERC will present the attached presentation during the work session.
ERC has also been engaged to complete a seco...
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