TITLE
Recommendation to authorize City Manager to enter into a natural gas supply agreement with Constellation Energy Commodities Group, Occidental Energy Marketing, Inc., Pacific Summit Energy, LLC, Coral Energy Resources, L.P. or Sempra Energy Trading that meets the following conditions: 1) a term not to exceed one year; 2) a volume of
8,800 MMBtu per day; 3) a monthly price indexed to delivery at the Southern California Border, plus a fixed fee of not greater than $0.15 per MMBtu; and 4) a price ceiling of not greater than $12.00 per MMBtu and a price floor of not greater than $6.00 per MMBtu. (Citywide)
DISCUSSION
[Description/Discussion]
TIMING CONSIDERATIONS
[Timing Considerations]
FISCAL IMPACT
[Fiscal Impact]
SUGGESTED ACTION
Approve recommendation.
BODY
[Enter Body Here]
Respectfully Submitted,
[Respectfully Submitted,]