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AGENDA REPORT <br />CORAL POWER AGREEMENT <br />CITY COUNCIL MEETING OF MARCH 21, 2000 <br />FINANCIAL IMPACT <br />An agreement with Coral Power would result in an Electric Utility budget savings of $144k per year in fixed costs for <br />Scheduling, Dispatching, and Optimization services. The City's staff and Coral Power would strategize and optimize <br />our resources to enhance the City's revenues or to reduce its cost after execution of the Contract. <br />ENVIRONMENTAL IMPACT <br />None. <br />RECOMMENDATION <br />Staff recommends that the City Council approve the award of contract to Coral Power to provide Scheduling, <br />Dispatching, and Optimization services for sixteen months with an option to extend for one additional year. <br />Attachment: Proposals evaluations and Contract <br />Report Prepared by: Nitin Modi, Electrical Engineering Manager <br />Page 2 of 2 <br />