COUNTY OF ALBEMARLE
Amendment to Agreement for Purchase of Electricity from Appalachian Power Company.
Authorize Chairman of the Board of Supervisors to execute an Amendment to the Agreement for the Purchase of Electricity from Appalachian Power Company.
Messrs. Tucker, Davis, Trank
March 17, 2004
ACTION: X INFORMATION:
The County entered into a contract for electric service with Appalachian Power Company (“APCo”) from July 1, 2000 through June 30, 2002. On February 13, 2002, the Board approved a resolution that authorized an extension of that contract through June 30, 2007. The attached Amendment formalizes the resolution as part of the written Agreement with APCo and makes other changes to rates and services that have been negotiated by the VML/VACo APCo Power Steering Committee on behalf of the County and other VML members. An identical Amendment has been prepared and sent to the School Board for execution, as the School Division also participates in the negotiated service Agreement with APCo.
4.2 Fund County services in a fair, efficient manner and provide needed public facilities and infrastructure.
The Amendment sets forth the new rates and terms agreed upon by our negotiating committee (the VML/VACO APCo Power Steering Committee) and American Electric Power, the parent company of APCo.
Staff recommends that the Board authorize the Chairman to execute the Amendment with APCo on behalf of the County.
Attachment A: Letter & Amendment
Attachment B: Exhibit BB vapa schedules 8-1-03 fuel FINAL
Attachment C: Exhibit CC APCo Va OL 8 -1-03 fuel
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