Executive Summary:
IPL staff have been working for several years to develop plans and priorities for the long-term operation of the electric utility. In 2023 the City Manager was directed to issue two Requests for Qualifications (RFQ) to investigate the options of either selling the utility or investing in the long-term operation of the utility, to be completed by two independent consultants. RFQs were issued via Public Purchase. A total of three firms responded to the two requests. Staff evaluated the proposal responses and recommends DKMT to perform the study of selling the utility and Sawvel and Associates to study the long-term strategy. Both firms have submitted a proposed scope of work and cost to complete the studies
This item addresses item 4.2.j and 5.1.f in the 2023-24 Independence Action Plan:
4. A Well-Planned City
4.1 Improve public infrastructure and the condition of public facilities.
j. Determine Long-Term Plan for Independence Power & Light, including Additional Generation Resources, Long-Term Plan for Maintaining Capacity, and Facilitating the Retirement of Existing Combustion Turbines.
5. A Financially Sustainable Organization
5.1 Control Long-Term Costs - Ensure City finances are stable and sustainable.
f. Research and Evaluate the Governance and Operation of Independence Power & Light.
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