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AI# 10636
Regular City Council Meeting
7.3.
04/26/2022:
Information
Agenda Item
Budget Ordinance Amendment 2nd Reading - Finance:
Consider Budget Ordinance No. 2022-O0046, Amendment 20, amending the FY 2021-22 Budget for municipal purposes respecting the Lubbock Power & Light Capital Program; providing for filing; and providing for a savings clause.
Item Summary
On April 12, 2022, the City Council approved the first reading of the ordinance.
1. Amend CIP #92736, Cooke Station GT3 Control System Replacement by increasing the appropriation and funding in the amount of $542,000, from $900,000 to $1,442,000, and changing the name of the project from “Cooke Station GT3 Control System Replacement” to “Cooke Station Gas Turbine #2 (GT2) and Gas Turbine #3 (GT3) Control System Replacement”. The project scope and justification update is as follows:
Project Scope:
Design, build, and install a new turbine and generator control systems for Cooke Gas Turbine #2 (GT2) and Gas Turbine #3 (GT3). Fully test and commission GT3’s turbine and generator for project that was previously halted.
Project Justification:
GT2 control system is an analog system installed in 1971. GT3 control system is a similar system installed in 1974. Both systems are outdated and do not meet modern systems requirements of ERCOT. New controls systems are necessary for LP&L to pass ERCOT testing and commissioning requirements required to compete in the day-ahead market.
2. Amend CIP #8626: Distribution Planning, by decreasing the appropriation and funding in the amount of $342,000, from $680,000 to $338,000. This project will utilize $230,000 less in FY 2020 LP&L Cash and $112,000 less in FY 2019 LP&L Cash.
3. Amend CIP #92380: Feeder Circuits - Northwest, by decreasing the appropriation and funding in the amount of $200,000, from $1,384,200 to $1,184,200. This project will utilize $200,000 less in FY 2019 LP&L Cash.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer
Attachments
Budget Amendment 20 (rs)
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