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HomeMy WebLinkAboutLeague - NorthWestern Energy Montana League of Cities and Towns P- O. Box 1704 - Helenc~ Mt 59624 406 442-8768 (Phone) 406 442-9231 (Fa~) Memorandum To: Cities and Town~ inthe Energy Supply Program From: Alee Hanson ~'~ ~ Mike Kadas ~ ,~ Subject: Noxthwestem Energy Marketing Contract Date: lune 30, 2003 NorthWestern Energy Marketing lms advised the League of Cities and Towns of its intern to breach the power supply contract that vms negotiated last year between the company ami municipal governments and school districts across the slat~ NorthWemern claims that it does not bare the cash or credit necessary to acquire power supplies for municipal and school accounts pursuant to the terms and conditions of the contract Cities, towns and school dislricts covered by the contract are required to return to the default supply to assure the unitized supply of power to municipal and school facilities. Our attorneys have advised us that the return to default supply will not impinge on any rights ~o pursue legal damages or a negotiated settlement with NorthWestern Energy Marketing. Our return is not voluntary. Instead, it is considered a mitigation of damages resulting from Northwestern's intended breach of the contract, Under default supply, cities and towns will pay the same rates for electricity as the other customers of NorthWe~ern ~. The difference between the current default rate (which is $37.70) and the contract price (which is $33.11) is about $4.60 per megawatt hour, or nearly $300,000 per year for tho total of affected municipal loads. Tiffs difference between the default supply rotc and the con~ract price could/ncrease to as much as $10.00 per megawatt hour if the Public Service Commission approves a rote increase requested earlier tlxis month by the utility. We are discussing ~he possibility of s financial settlement with NorthWestern to compensate cities and schools for the company's intended breach of contract. If these efforts are unsuccessful, we can file a lawsuit for damages or pursue our claims in a likely bankruptcy proceeding. The return to default supply will increase electricity costs for cities and towns by as much as $2-million over the four years ~at would have been covered by the lower rates in contract. This is a lot of money in fighx budgets and we would hope to recover all or a reasozmble portion of tiffs a~ount through negotiation or legal action. Unfornmat~ely, defending the value of our previously negotiated contract will result in eddilional legal expense. We amieipate that these eost~ will be charged back to the participat[og cities, as ha~ been done in the past, based on the elec~city consumption of the individual cities. We will also ask the School Boards Association to pay a sbare of the legal costs. If you have any questions about this memorandum orthe issue of legal costs, please contact the League of Cities as soon az possible. Report 1 GOVERNMENT AMOUNT City of Billings 1896 City of Bozeman 876 Butte-Silver Bow County 2360 City of Conrad 60 City of Deer Lodge 135 City of Glasgow 225 City of Great Falls d 812 City of Harlem 60? City of Havre 625 City of Helena 972 City of Malta 120 c~- Town of Manhattan 26 City of Missoula 948 Town of Plains 36 Town of Sheridan 72 Town of Superior 48 City of Three Forks 48 City of Laurel 480 City of Livingston 348 Town of Darby 36 Town of Cascade 25 Town of Bridget 60 City of East Helena 84 City of Hardin 95 City of Hadowton 36 v City of Red Lodge 36 City of Roundup 96 City of Chinook 120 12000 t/'~ 'd ;OOL'ON SNA~OI ~ S31113 JO ~llgV~l LIN RdL[:; SO0~ 'O~'unr