Authorize negotiation and execution of a battery storage agreement with OCI Energy, LLC, a wholly owned subsidiary of OCI Enterprises Inc., for up to 100 megawatts of electrical power capacity produced by a utility-scale battery facility, in an amount not to exceed $8,250,000 per year, for a term up to 20 years, for a total amount not to exceed $165,000,000. Funding for the additional amounts is contingent upon available funding in future budgets.

Staff Report & Agenda Item Details

Authorize negotiation and execution of a battery storage agreement with OCI Energy, LLC, a wholly owned subsidiary of OCI Enterprises Inc., for up to 100 megawatts of electrical power capacity produced by a utility-scale battery facility, in an amount not to exceed $8,250,000 per year, for a term up to 20 years, for a total amount not to exceed $165,000,000. Funding for the additional amounts is contingent upon available funding in future budgets.