Last Updated on July 27, 2016 by cassnetwork
The Utility Service Board voted unanimously last night to begin negotiating with Florida-based NextEra Energy Power Marketing (NEPM) to purchase the wholesale power LMU then sells to its customers. USB member Jay King, city council president Teresa Popejoy and LMU Superintendent Paul Hartman were appointed as part of the negotiating team.
After the city ended its “Rate Stabilization Initiative” in December, the Utility Service Board approved hiring a legal firm, Lewis & Kappes, to assist in evaluating wholesale power contracts, as well as negotiations with any wholesale power firm.
Last night they also unanimously extended that agreement.
NEPM was recommended from six vendors who submitted proposals.
After a public meeting with NEPM on Wednesday, July 20, LMU posted redacted versions of the NEPM, Duke and IMPA proposals on its website, but rate information was excluded.
Mayor Dave Kitchell wrote in a June news release that “Duke and its predecessor names, Cinergy and Public Service Indiana, have provided purchased power to Logansport since the 1960s.”