To authorize the Director of Public Utilities to modify and increase the power supply agreement for the purchase of wholesale electric power and renewable energy credits with American Electric Power Energy Partners, Inc. for the Division of Power; to authorize the expenditure of $75,000,000.00 from the Electricity Operating Fund; and to declare an emergency. ($75,000,000.00)
Emergency ordinance authorizes a $75,000,000 modification and increase to the wholesale electric power and renewable energy credit agreement with AEP Energy Partners for the Division of Power ($73.1M base power, $1.86M renewable credits).