10-19-12 BPU RPT 06 - Laserfiche WebLink

Home

W A T E R E N E R G Y t. i f € RIVERSIDE PUBLIC UTILITIES Wd&& Board Memorandum P U 5 L I C UTILITIES BOARD OF PUBLIC UTILITIES DATE: October 15, 2012 ITEM NO: 6 SUBJECT: APPROVAL OF SETTLECORE BUSINESS INTELLIGENCE MODULE LICENSE AGREEMENT FOR USE WITH, AND EXTENSION OF,THE EXISTING CONSULTING SERVICE AGREEMENT WITH POWER SETTLEMENTS CONSULTING AND SOFTWARE, LLC ISSUES: That the Board of Public Utilities consider: 1) approval to annually extend the current Consulting Services Agreement with Power Settlements Consulting and Software, LLC("Power Settlements");and 2)approval to acquire,from Power Settlements,the Business Intelligence and Analytics Module(BI Module)to enhance the existing software. RECOMMENDATIONS: That the Board of Public Utilities: 1. Approve annual renewals of the Consulting Services Agreement ("Agreement") with Power Settlements Consulting and Software LLC , and authorize the City Manager to execute the renewal agreements; 2. Approve the three year Settlecore Bi Module License Agreement("License Agreement")with Power Settlements Consulting and Software LLC for the addition of the Business Intelligence and Analytics Module for a one-time cost of$90,000 and an annual maintenance fee of$10,000, and authorize the City Manager, or his designee,to execute annual renewals of that agreement under the same terms and conditions; and 3. Authorize the City Manager, or his designee, to terminate the Agreement and the License Agreement, if the City is unsatisfied with the services provided. BACKGROUND: Riverside is located within the transmission footprint of the California System Independent Operator(CAISO); therefore, all electric resources located outside City limits must traverse through the CAISO. This requires that Riverside participate in the CAISO markets. In 2000, the Federal Energy Regulatory Commission (FERC)directed the CAISO to develop a new market designed to mitigate congestion costs. Areas with the highest costs would reflect transmission constraints, and would entice new construction of generation or transmission facilities to ease such constraints. Over time,this would benefit the transmission grid and lower electricity costs.