cc power purchase agreement 04212009

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THE “GREENING” OF OUR COMMUNITY Mike Grim Executive Manager – DME Power Supply

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Page 1: Cc Power Purchase Agreement 04212009

THE “GREENING” OF OUR COMMUNITY

Mike GrimExecutive Manager – DME Power Supply

Page 2: Cc Power Purchase Agreement 04212009

AnnouncementAt the direction of the City Council, Denton Municipal Electric is pleased to announce that it has successfully negotiated and executed a multi-year agreement with NextEra Energy Power Marketing, LLC to purchase up to 60 MWs of renewable energy for our customers.

This amount of renewable energy constitutes greater than 40% of DME’s energy portfolio on a calendar year basis.

Page 3: Cc Power Purchase Agreement 04212009

Acknowledgment

We thank the City Council for their leadership and foresight in allowing us to pursue this important transaction.

Page 4: Cc Power Purchase Agreement 04212009

State Ranking in Renewable Usage*Denton’s percentage of renewable energy has now achieved the #1 ranking, among those Texas cities served by a public power utility.

This ranking includes the cities of Austin and San Antonio. * According to the Texas Public Power Association

Page 5: Cc Power Purchase Agreement 04212009

U.S. Ranking in Renewable Usage*Top Ten U.S. Cities1. Oakland, CA (17%)2. Sacramento/SF/San Jose, CA (12%)*3. Portland, OR (10%)4. Boston (8.6%)5. San Diego, CA (8%)6. Austin, TX (6%)7. Los Angeles, CA (5%)8. Minneapolis, MN (4.5%)9. Seattle, WA (3.5%)10. Chicago, IL (2.5%)

*According to SustainLane Government data 2006/2007

Denton, TX

Page 6: Cc Power Purchase Agreement 04212009

BackgroundLocation: Wolf Ridge Wind Farm (northwest

of Muenster, Texas) – 75 turbines @ 1.5 MWs Counterparty: NextEra Energy Power

Marketing, LLC. - Largest renewable energy generator in the

U.S.- Owns and operates world’s largest solar

facility- Leading producer of hydroelectric power- NextEra will deposit payments made from

DME into EarthEra Renewable Energy Trust

- Directs 100% of all funds toward the development and construction of renewable energy facilities.

Page 7: Cc Power Purchase Agreement 04212009

Size and Scale

Page 8: Cc Power Purchase Agreement 04212009

Size and Scale

Page 9: Cc Power Purchase Agreement 04212009

What’s In It For Denton?• Competitively priced renewable energy• All Denton citizens, businesses and

educational facilities will Be “Going Green” whenever they use electricity

• Provides new, existing and relocating industrials, commercial and educational facilities the ability to “Go Green”

• Economic development opportunities• “Green City” grant opportunities• “Braggin’ Rights” – We’ve done in 2009 what

others say they’ll accomplish by 2020• Regional, State and National Leadership

Page 10: Cc Power Purchase Agreement 04212009

All citizens of Denton should take great pride in what we have achieved as a community the day before Earth Day. . . .

Page 11: Cc Power Purchase Agreement 04212009

So Let’s . . .CELEBRATE OUR

SUCCESS AS A CITY!

Page 12: Cc Power Purchase Agreement 04212009

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