Council reviews draft amendment to regional power-pool agreement tied to new day-ahead market

Council reviewed a draft resolution to amend and restate the city's participation agreement with the municipal power pool as the region prepares for EDAM, the energy day-ahead market. Staff explained that the market changes require contract and operational updates; one staff member described significant consultant costs borne by the pool operator and said the city must ensure legal review of the amendment before finalizing.

The mayor and staff explained the draft is currently in 'draft mode' and will be reviewed by the city attorney and external counsel before the council is asked to adopt a final resolution. Staff noted potential options to remain partially or fully in the revised pool structure ("pick and choose" vs. "all in") and emphasized the need to reference and, if required, supersede prior resolutions in the final document. No vote was taken; staff will route the draft to legal counsel and return with a final resolution.