Further Chris Carter comments on the PMPA votes

The Westminster city administrator, Chris Carter, says he has notified the general secretary of PMPA of his city council’s vote this week to sign a re-affirmation agreement. But Carter said today he wants to make clear: “Nothing the city did on Tuesday night elongates, or makes longer, our contractual obligation to PMPA. The only thing that was decided on Tuesday night was that we would recognize that a certain paragraph within the power sales agreement which binds us into PMPA can be construed to say that we agree that at the end of 2035, a final financial accounting will not have to take place.” The re-affirmation agreement vote was one of two taken by the city council. The other was to reject PMPA’s request that Westminster extend its power sales purchases beyond 2035. By saying no buying PMPA power beyond 2035, the city would then be free to enter the market to find another provider. Westminster officials say PMPA wanted their city to extend power purchases for an additional 50 years, not eight years as earlier reported.