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Fort Worth staff recommend lump-sum sale of 934,000 renewable-energy credits, estimate $1.6M net for capital projects
Summary
Property management staff proposed amending the Reliant Energy contract to stop annually retiring renewable-energy credits, then sell the 2026–2031 credits (about 934,000) via broker USource; staff estimated proceeds could net roughly $1.6 million after fees and plan an information report on March 31.
Marilyn Marvin, property management director, told the committee the city’s electric supplier, Reliant Energy, has provided renewable-energy credits equivalent to about half of the city’s expected annual consumption. Under the current contract Reliant retires those credits on the city’s behalf; Marvin recommended amending the contract so the credits accumulate and can be sold in a single lump…
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