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Springville authorizes participation in prepaid energy agreement and execution of qualified-use certificate
Summary
Council authorized Springville to allow Utah Associated Municipal Power Systems (as referenced in the transcript) to participate in a prepaid energy agreement with the Southeast Energy Authority and approved execution of a qualified-use certificate; staff estimated the city's allocation would save about $50,000 a year.
The Springville City Council authorized staff to allow participation in a prepaid energy commodity agreement and approved execution of a qualified-use certificate required under the supply contract. City counsel (presenter) explained the request is an early procedural step allowing Utah Associated Municipal Power Systems (referred to in the…
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