Authorize negotiation and execution of up to two power purchase agreements with Invenergy Renewables LLC, a subsidiary of Invenergy Renewables Holdings LLC, purchasing the energy produced by up to two utility-scale wind facilities, which have a combined total capacity to produce approximately 299 megawatts of electricity, in an estimated amount of $34,000,000 per year, for a term of 10 years, for a total estimated amount up to $340,000,000. Funding: $34,000,000 is available in the Operating Budg

Staff Report & Agenda Item Details

Authorize negotiation and execution of up to two power purchase agreements with Invenergy Renewables LLC, a subsidiary of Invenergy Renewables Holdings LLC, purchasing the energy produced by up to two utility-scale wind facilities, which have a combined total capacity to produce approximately 299 megawatts of electricity, in an estimated amount of $34,000,000 per year, for a term of 10 years, for a total estimated amount up to $340,000,000. Funding: $34,000,000 is available in the Operating Budget of Austin Energy. Funding for the remaining contract term is contingent upon available funding in future budgets.