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Coffeyville approves $642K insurance renewal and $1.0M parts purchase for power plant overhaul
Summary
Commissioners authorized a $641,704 commercial property policy for the city’s generation facilities and a $1,000,007.62 purchase order for parts to combine scheduled 18k and 24k hour overhauls of generation engines; staff said combining outages could save roughly $500,000 in capacity payments.
The Coffeyville City Commission approved two electricity-related spending items on Tuesday: a commercial property insurance renewal for the city’s power-generation plants and a purchase order for overhaul parts to service generation engines.
An insurance representative, briefing commissioners on behalf of the city’s broker, recommended renewing a special policy for generation facilities underwritten by Chubb at a one-year premium of $641,704. The broker confirmed that the quoted amount excludes an optional terrorism…
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