Finance Committee - 02/05/2020 Page 3
Alderwoman Lu
Hi. So this is a utility or | can’t thin of the word actually but do the contracts differ much? | just caught on the
idea of presenting the contract afterward? Are there terms that, other than price, that we should be concerned
about?
Ms. Brown
Yes there are and any contract that | sign will be vetted by Legal before | sign it. So there are different parts of
the contract, like let’s say we put solar on a building. There are different terms about taking that off a third
party contract to go up to solar. There’s stuff like that in the contracts. There’s load commitments that you
have to make so you have to make sure that you give them your proper energy consumption before you sign a
contract with them. But! am fully confident that | have the right energy data to be able to sign a contract and
get those terms to be correct for the City.
Alderwoman Lu
OK. One other question, | don’t have my agenda with me, but did some of the wording have to do with the
trade, the effective trade war?
Alderman Klee
This is the Agenda itself.
Alderwoman Lu
Are we going to contract for a higher price than we are currently paying or a lower price?
Ms. Brown
No the goal is to get a lower price that what we are currently paying or get the same price.
Alderwoman Lu
OK thank you.
Alderwoman Kelly
Could you just clarify, this has nothing to do with the choice stuff that we’ve been talking about?
Ms. Brown
No.
Alderwoman Kelly
That would be for consumers.
Alderman Klee
Piggy backing on what Alderman Lu had said when she talked about the terms of the agreement, | understand
that the electric contract and the gas contract would be different because of solar, whatever it is, so each one
would be different. But do they change, the contract terms themselves, do they change significantly from year
to year? Or is just the usage and the dollar amount that would change.
