Title
Airport Electric Power Services
Action
Action:
A. Approve service agreements with Duke Energy Carolinas, LLC for electric power services for Airport Terminal Expansion East, Airport Terminal Expansion West, and Concourse A Expansion Phase 2 for a term of ten years, then automatically converting to year-to-year,
B. Approve a service agreement with Duke Energy Carolinas, LLC for electric power services for the Central Energy Plant for a term of five years, then automatically converting to year-to-year, and
C. Authorize the City Manager to amend the agreements consistent with the purpose for which the agreements were approved.
Body
Staff Resource(s):
Haley Gentry, Aviation
Jack Christine, Aviation
Explanation
§ Duke Energy Carolinas, LLC owns, operates, and maintains the infrastructure and equipment that supplies electric power for the Airport.
§ These agreements provide for the Airport’s monthly electric power and energy usage and the furnishing, installation, and maintenance of additional infrastructure required to meet the Airport’s electric power needs.
§ The estimated costs during the initial term of each agreement are:
- Airport Terminal Expansion East: $1,164,913.20;
- Airport Terminal Expansion West: $1,163,235.60;
- Concourse A Expansion Phase 2: $580,356; and
- Central Energy Plant: $$1,053,014.40
§ The costs for the infrastructure, maintenance and estimated energy costs are based on the current rates and costs as approved by the North Carolina Utilities Commission.
§ Upon expiration of the initial term, each agreement will transition to a year-to-year agreement at the same rates and costs (subject to routine rate adjustments approved by the North Carolina Utilities Commission).
Fiscal Note
Funding: Aviation Operating Budget