A group of five municipal power providers in Michigan required assistance in developing power procurement strategies for their long term supply needs.
DaCott worked with the municipal group to establish the needs of the group as well as the individual members:
o Establishment of a standardized process for determining the risk profile of each member as it related to unfulfilled power supply needs.
o Development of a power supply strategy, incorporating the requirements of the risk policy so that supply decisions could be made in an objective manner.
o Meetings with the City councils of each of the members to educate the council members on the need for and the benefits of implementation of a defined strategy coupled with a robust risk policy to ensure proper authority is vested in the city manager to pursue supply decisions effectively in a volatile environment.
DaCott provides on-going analytical support to the group and to the individual members on topics ranging from risk management, supply strategy, rate design and other ad hoc analytical needs.