Cc Power Purchase Agreement 04212009

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Cc Power Purchase Agreement 04212009

  1. 1. THE“GREENING” OF OUR COMMUNITY<br />Mike Grim<br />Executive Manager – DME Power Supply<br />
  2. 2. Announcement<br />At the direction of the City Council, Denton Municipal Electric is pleased to announce that it has successfully negotiated and executed a multi-year agreement with NextEra Energy Power Marketing, LLC to purchase up to 60 MWs of renewable energy for our customers.<br />This amount of renewable energy constitutes greater than 40% of DME’s energy portfolio on a calendar year basis.<br />
  3. 3. Acknowledgment<br />We thank the City Council for their leadership and foresight in allowing us to pursue this important transaction.<br />
  4. 4. State Ranking in Renewable Usage*<br />Denton’s percentage of renewable energy has now achieved the #1 ranking, among those Texas cities served by a public power utility.<br />This ranking includes the cities of Austin and San Antonio.<br />* According to the Texas Public Power Association <br />
  5. 5. U.S. Ranking in Renewable Usage*<br />Denton, TX <br />Top Ten U.S. Cities<br />Oakland, CA (17%)<br />Sacramento/SF/San Jose, CA (12%)*<br />Portland, OR (10%)<br />Boston (8.6%)<br />San Diego, CA (8%)<br />Austin, TX (6%)<br />Los Angeles, CA (5%)<br />Minneapolis, MN (4.5%)<br />Seattle, WA (3.5%)<br />Chicago, IL (2.5%)<br />*According to SustainLane Government<br /> data 2006/2007<br />
  6. 6. Background<br />Location: Wolf Ridge Wind Farm (northwest of Muenster, Texas) – 75 turbines @ 1.5 MWs<br />Counterparty: NextEra Energy Power Marketing, LLC. <br /><ul><li>Largest renewable energy generator in the U.S.
  7. 7. Owns and operates world’s largest solar facility
  8. 8. Leading producer of hydroelectric power</li></ul>- NextEra will deposit payments made from DME into EarthEra Renewable Energy Trust<br /><ul><li>Directs 100% of all funds toward the development and construction of renewable energy facilities.</li></li></ul><li>Size and Scale<br />
  9. 9. Size and Scale<br />
  10. 10. What’s In It For Denton?<br /><ul><li>Competitively priced renewable energy
  11. 11. All Denton citizens, businesses and educational facilities will Be “Going Green” whenever they use electricity
  12. 12. Provides new, existing and relocating industrials, commercial and educational facilities the ability to “Go Green”
  13. 13. Economic development opportunities
  14. 14. “Green City” grant opportunities
  15. 15. “Braggin’ Rights” – We’ve done in 2009 what others say they’ll accomplish by 2020
  16. 16. Regional, State and National Leadership</li></li></ul><li>All citizens of Denton should take great pride in what we have achieved as a community the day before Earth Day. . . . <br />
  17. 17. So Let’s . . .<br />CELEBRATE OUR SUCCESS AS A CITY! <br />

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