City Council

18. Approve Subscription Service and General Consulting Agreement with Power Costs, Inc., with\nimplementation costs of $1,050,000 and an average annual subscription cost of $912,531 for the\ninitial term, plus a 15% contingency for as-needed services, to implement, subscribe to, and\nprovide consulting services to support an Energy Trading and Risk Management System software\nsolution for an initial term of seven years with three one-year optional extensions; authorize the\nPublic Utilities General Manager, or designees, to execute related documents as necessary and\nto take the necessary actions to implement, fund, and administer the agreement, including\nextension letters; and authorize de minimis changes to the agreement (and related documents)\nthat do not substantially change the terms and conditions of the agreement, as determined by the\nCity Attorney’s Office.