HomeMy WebLinkAboutAgenda Report - November 6, 1996 (66)CITY OF LO D I COUNCIL COMMUNICATION
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AGENDA TITLE: Northern California Power Agency (NCPA) Geothermal Project Low Pressure Turbine
and Piping Modification Final Payment
MEETING DATE: November 6, 1996
SUBMITTED BY: Electric Utility Director
RECOMMENDED ACTION: None (Information only)
BACKGROUND: The $182,418 final payment for Lodi's share of the Geothermal Project Low
Pressure Turbine and Piping Modification has been made. This information
item is being highlighted as part of the Department's commitment to keep the
Council informed regarding significant NCPA General Operating Reserve
(GOR) activities.
By standard NCPA invoice and City payment procedures, sufficient funds
were sent to NCPA in 1994 to complete the above modifications. NCPA
subsequently placed the funds temporarily in the GOR where they drew
interest until needed. All progress payments were made as scheduled leav-
ing a final payment, which will closeout the modification project. Payment schedule history is included in NCPA
FY1996-98 budget documents held by the Electric Utility and Finance Departments.
Only one major project associated with generation resources now remains: The Geysers Effluent Project
scheduled for completion in 1997. Funding for the Geysers Effluent Project was also set aside previously.
Payment schedule details are also included in the above NCPA documents.
FUNDING: Not applicable
Prepared by
ANV/JS/pn
cc: City Attorney
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APPROVED
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Alan N. Vallow
Electric Utility Director
H. bixon Flynn
CITY MANAGER
October 30, 1996