...Title
Amendment to Standard Consultant Agreement with Tullett Prebon Americas Corp. for Power Products.
...Recommendations
Adopt a resolution authorizing the City Manager or designee to negotiate and execute a First Amendment to the Standard Consultant Agreement with Tullett Prebon Americas Corp. for assisting City staff to identify opportunities for the City to buy or sell required power products, to:
(a) Increase the maximum compensation from $320,000 to $640,000 through June 30, 2027, subject to the appropriation of funds; and
(b) Adjust the compensation table to become a tiered structure based on the notional value of a resource adequacy transaction.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Community Energy)