Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Utilities Energy topic
No spam. Unsubscribe anytime.
Council accepts first reading of power‑purchase participation tied to new 79 MW regional project
Summary
Hannibal’s Board of Public Works asked the council to approve first reading of a unit power purchase agreement for its share of a proposed Northeast generation project; the city’s share would be roughly 38.2% of 79 MW (about 30 MW).
The council on July 15 heard a first reading of an ordinance authorizing the City of Hannibal to enter a unit power purchase agreement with the Missouri Joint Municipal Electric Utility Commission (MJMEUC) for participation in the proposed Northeast generation project.
Matthew Wenzlinger, director of operations for the Board of Public Works, described the multijurisdictional project as roughly 79 megawatts of generating capacity sited across two locations to add regional capacity and moderate escalating capacity costs the city has faced in recent years. Wenzlinger said the city’s intended share is about 38.2% of the project (approximately 30 MW) and that approving the ordinance for a first reading now allows the council and the board to meet required timelines.
Wenzlinger said the city has seen capacity costs grow substantially and that the project was developed in conversations with other municipalities in the same MISO zone to diversify and secure future capacity. He presented the ordinance for first reading so the board could complete its approval before the August meeting and the council could consider second reading on August 5.
Council took the item for first reading; the ordinance will return for a second reading and final vote at a future meeting after the Board of Public Works completes its approval.
What’s next: The Board of Public Works will consider the city’s participation and, if approved, the council will take the ordinance for second reading and final action in August.
