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File #: ID#24-0982    Version: 1 Name: NewGen presentation
Type: Special recognitions and Presentations (Proclamations, service awards, or other special recognitions. Presentations by government agencies or groups providing formal updates to Council will be limited to ten minutes.) Status: Agenda Ready
File created: 8/14/2024 In control: Council Work Session
On agenda: 9/4/2024 Final action: 9/4/2024
Title: NewGen presentation
Attachments: 1. 9_4_2024_Clearwater_City Council Intro Public Power Feasibility.pdf

SUBJECT/RECOMMENDATION:

Title

NewGen presentation

Body

SUMMARY: 

The City Council has unanimously approved a contract with NewGen to evaluate the affordability, reliability, conservation, and value of electric service provided by Duke Energy, along with options and recommendations regarding the future of electricity in Clearwater.  NewGen’s multi-disciplinary team will be led by partner Scott Burnham, who offers over 24 years of experience in the areas of project management, cost of service and rate design, asset valuation, and financial feasibility analysis.  As the 9-month study gets underway, Mr. Burnham will be meeting in person with city staff; he will also be presenting to the Council and the public.