City of Nashua
Financial Services Division
229 Main Street - Nashua, NH 03060 (603) 589-3171
Fax (603) 589-3209
August 31, 2016
TO: Mayor Donchess
Finance Committee
FROM: John Griffin, Chief Financial Officer/Comptroller
SUBJECT: Pre-approval to enter into contracts with 3" party suppliers for natural gas and electricity
supplies
Financial Services is seeking pre-approval to competitively solicit and enter into agreements with 3 party
energy suppliers for the tariff-controlled supply portion of its natural gas and electricity utility bills. There
are several reasons for the purpose of this pre-approval, which are as follows:
e The City has realized both substantial cost savings and budget certainty by utilizing 3" party
energy suppliers;
e These contracts must be executed and received by the supplier by 3 p.m. the same day the quote is
received to ensure delivery of the stated price and to avoid unfavorable pricing terms and/or
fluctuations;
e Natural Gas and/or Electricity contracts may be multi-year contracts to take advantage of the most
favorable terms offered.
The executed contracts will be provided via communication to the Finance Committee at their next
regularly scheduled meeting.
