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R2013-80 AUTHORIZING SERVICE AGREEMENT FO SUPPLY OF ELECTRICITY
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R2013-80 AUTHORIZING SERVICE AGREEMENT FO SUPPLY OF ELECTRICITY
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Last modified
8/17/2015 10:30:17 AM
Creation date
8/17/2015 10:30:13 AM
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Resolution/Ordinance
Res Ord Num
R2013-80
Res Ord Title
AUTHORIZING EXECUTION OF A SERVICE AGREEMENT WITH THE LOWEST RESPONSIBLE BIDDER FOR THE SUPPLY OF ELECTRICITY FOR RESIDENTIAL & SMALL COMMERCIAL RETAIL CUSTOMERS
Department
Development Services
Approved Date
8/3/2013
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{ f <br /> HOMERELD <br /> E N E R G Y <br /> TRI-PARTY FEE AGREEMENT <br /> This Fee Agreement ("Agreement") is entered into this ("Effective Date"), by and among <br /> Homefield Energy("Supplier"),Good Energy,L.P.("Consultant"),and L/I*Y or~ &4trUk ("Aggregator"), <br /> each of which may be referred to as a"Party"and collectively as"Parties". <br /> WHEREAS,Consultant is in the business of assisting municipalities with the selection of an <br /> alternative retail electric supplier("ARES") for an electric aggregation program,including but not <br /> limited to the issuance of Requests For Bids and the review of the responses to these requests;and <br /> WHEREAS,Aggregator has retained Consultant to assist it with respect to its electric aggregation <br /> program(the"Program");and <br /> WHEREAS, Aggregator will receive a fee from Supplier and has also agreed to pay a fee to <br /> Consultant for the assistance it provided;and[see 1 below] <br /> WHEREAS,Supplier is an ARES and was selected by Aggregator to serve as the ARES for the <br /> Program;and <br /> WHEREAS, Supplier has entered into, or anticipates entering into, an agreement with <br /> Aggregator with respect to the Program(the"Program Agreement");and <br /> WHEREAS,Aggregator prefers for Supplier to collect and remit the fees due the Consultant from I <br /> the Aggregator in Supplier's general administration of the Program. <br /> NOW THEREFORE,in consideration of the mutual covenants and agreements set forth herein <br /> the receipt and sufficiency of which are hereby acknowledged,it Is agreed as follows: <br /> 1. Fee,. Aggregator is to be paid$1,001 for each kWh delivered,invoiced and paid for by <br /> Participating Customers during the Term("Municipal Fee"). "Participating Customers"means those <br /> residential and small commercial accounts that are eligible to participate in the Program pursuant to the <br /> Program Agreement,that do not opt-out of the Program,and are actually participating in the Program. <br /> The Parties agree that Supplier wilt to remit the Fee to the Aggregator,pursuant to the terms of this <br /> Agreement,and payment of Municipal Fee constitutes the only financial obligation Supplier has to <br /> Aggregator. <br /> 2. Fee. Aggregator has agreed that Consultant is to be paid$0.00075 for each kWh delivered, <br /> Invoiced and paid for by Participating Customers during the Term ("Consultant Fee"). "Participating <br /> Customers"means those residential and small commercial accounts that are eligible to participate in the <br /> Program pursuant to the Program Agreement, that do not opt-out of the Program, and are actually <br /> participating in the Program. The Parties agree that Supplier will collect the fee for the Aggregator and <br /> to remit the Fee to Consultant,for Aggregator, pursuant to the terms of this Agreement, and collection i <br /> 20 <br />
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