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Executive Session The meeting recessed at 4:03 p.m. and reconvened in Executive Session under the provisions of Section 551, Texas Government Code. City Council reconvened in open session at 4:24 p.m. |
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Hold an executive session in accordance with V.T.C.A. Government Code Section 551.071, seeking the advice of its legal counsel about pending or contemplated litigation or settlement offers and hold a consultation with the attorney on matters in which the duty of the attorney under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas conflicts with Chapter 551 of the Texas Government Code: |
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Power purchase agreements
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Legal issues regarding customer choice and Texas Utilities Code, Chapter 40
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Federal Energy Regulatory Commission, Docket Nos. ER 16-1341, EL 17-2, and EL 18-9, related to SPP attachment Z2
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Legal advice and counsel regarding matters identified in Section 1.2(a)-(f) of this agenda
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Hold an executive session in accordance with V.T.C.A. Government Code § 551.086, to discuss and deliberate, on the following competitive matters of Lubbock Power & Light, reasonably related to the following categories:
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generation unit specific and portfolio fixed and variable costs, including forecasts of those costs, capital improvement plans for generation units, and generation unit operating characteristics and outage scheduling; |
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bidding and pricing information for purchased power, generation and fuel, and Electric Reliability Council of Texas bids, prices, offers, and related services and strategies; |
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effective fuel and purchased power agreements and fuel transportation arrangements and contracts; •Discuss and deliberate purchased power matters. |
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risk management information, contracts, and strategies, including fuel hedging and storage; |
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plans, studies, proposals, and analyses for system improvements, additions, or sales (other than transmission and distribution system improvements inside the service area for which the public power utility is the sole certificated retail provider); |
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customer billing, contract, and usage information, electric power pricing information, system load characteristics, and electric power marketing analyses and strategies. |
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At the conclusion of the Executive Session, the City Council reconvenes in Regular Session City Council reconvened at 4:24 p.m. |
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2. |
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Regular Session |
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Citizen Comments - According to Lubbock City Council Rules, any citizen wishing to appear in-person before a regular meeting of the City Council, regarding any matter posted on the City Council Agenda below, shall complete the sign-up form provided at the meeting, no later than 4:00 p.m. on May 27, 2021. If a citizen is attending the meeting by video or teleconference, they may submit a citizen comment by email at citizencomments@mylubbock.us, no later than 2:00 p.m. on May 27, 2021. Submitted comments must include name and address. Each comment will be read aloud for a period of time not to exceed three minutes pursuant to City Council Rules. Citizen Comments is an opportunity for citizens to make comments and express a position on agenda items. Any comment received that is in the nature of asking a question will be referred to an appropriate member of the City staff for a response. No one appeared to speak in person; and no comments were submitted via email. |
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2. |
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Resolution - Lubbock Power & Light: Resolution No 2021-R0201 authorizing the Mayor of the City of Lubbock to execute that certain Settlement Agreement by and between the City of Lubbock, acting by and through Lubbock Power & Light, and Southwestern Public Service Company, a New Mexico Corporation, regarding that certain Master Power Purchase and Sale Agreement (“Master Agreement”) dated as of November 12, 2009, and that certain Transaction Agreement of the same date entered into under the Master Agreement (the “Transaction Agreement”, and together with the Master Agreement and any other transactions entered into under the Master Agreement, the “PPA”), providing for an early termination of the PPA. Andy Burcham, chief financial officer for Lubbock Power & Light, gave a presentation and answered questions from City Council. |