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Committee Forwards Ordinance Increasing Energy Procurement Thresholds and Allowing Arbitration with Investor-Owned Utilities
Summary
The Budget and Finance Committee voted to forward an ordinance amending the Administrative and Environment Codes to expand waiver authority for electricity-related procurements, permit binding arbitration with investor-owned utilities, and raise the annual procurement threshold from $150 million to $200 million.
The Budget and Finance Committee on May 3 voted to forward to the full Board an ordinance that would amend the Administrative Code and Environment Code to modify waivers of certain contract requirements for electricity and related product transactions, authorize binding arbitration for contracts with investor-owned…
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