Redding City
California

Staff Report

4.5(b)--Consider Resolution appropriating funds for Energy Trading Modernization Project.

Information

Department:ElectricSponsors:Director of Electric Utility Daniel Beans
Category:BudgetDivisions:Electric Utility - Energy Management

Staff Recommendation

Adopt Resolution approving and adopting the 9th Amendment to City Budget Resolution No. 2019-050 appropriating funds in the amount of $1,200,000 to fund an energy trading modernization project necessary to participate in Californias Energy Imbalance Market (EIM).