Department: Resource Management
Staff Contact: Dianna Wright, Michael Meadors and Bob Reynolds
Subject: KCP&L Renewables Direct Program Agreement
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Item Description:
title
Acceptance of Agreement and associated terms for participation in the KCP&L Renewables Direct Program.
Body
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Summary:
This program avails KCP&L customers the opportunity to allocate a percentage of energy through a renewable resource. Currently the primary resource is anticipated as being wind generated power. City participation in this program will provide both economic (overall rate reduction) and sustainability (clean energy vs. power plant resources) benefits. The agreement has four 5-year renewal increments for a total term of 20 years.
Per the KCP&L Model Chart (see attached) estimated annual savings at an elected 5-year term and 100% of total consumption (3,000 Kw.) offset equal $7,008 annually.
Note: Due to territory designations, KCP&L provides roughly 40% of the total Olathe electric utility service for our facilities with the majority (60%) being Westar accounts. Although potential exists for future Westar participation; at present, Westar Renewables Direct is not open for enrollment. The future participation into the Westar program, which constitutes a larger share of Olathe electrical utility accounts, will be guided by the performance of the KCP&L program.
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Financial Impact:
Program participation is anticipated to provide annual reduction in KCP&L electric utility expenditures of $7,008.
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Action Needed:
Approval of Direct Renewables Program Agreement
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Attachment(s):
A. KCP&L: Olathe Model Chart
B. Renewables Direct KS Information Packet
C. Renewables Direct Participation Agreement - City of Olathe