To: The Honorable Mayor and Board of Commissioners From: Greg Ferguson/Kathy Moyer Subject: Pactiv Electric Service Contract Addendum, Rate Schedule Revision
The initial ten year electric service contract with Prairie Packaging, now Pactiv, will expire June 30, 2016. At the request of the customer a coincident peak electric rate schedule was developed based on their electric usage, load factor and operating characteristics. This rate will be reviewed annually to be consistent with the original Agreement dated September 8, 2005.
The customer has asked that the electric service contract addendum be approved at this time so they are able to appropriately budget for electric costs in 2016. It is recommended that the industrial on-peak electric rate schedule OP-4 be adopted to reflect future electric costs and previous rate schedule HLFLI be closed.
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