In plain language — from the agenda backup

This would give Austin Energy the green light to negotiate and sign up to two power purchase agreements with Invenergy Renewables for the electricity from a pair of utility-scale wind farms, totaling roughly 299 megawatts of capacity. It's a long-term commitment aimed at locking in renewable wind power for the city's grid. The deal runs 10 years at an estimated $34 million per year, for a total of up to $340 million, with this year's funding already available in Austin Energy's operating budget and the rest depending on future budgets.

The official agenda language

Authorize negotiation and execution of up to two power purchase agreements with Invenergy Renewables LLC, a subsidiary of Invenergy Renewables Holdings LLC, purchasing the energy produced by up to two utility-scale wind facilities, which have a combined total capacity to produce approximately 299 megawatts of electricity, in an estimated amount of $34,000,000 per year, for a term of 10 years, for a total estimated amount up to $340,000,000. Funding: $34,000,000 is available in the Operating Budget of Austin Energy. Funding for the remaining contract term is contingent upon available funding in future budgets.

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"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)

What got said

• Cyrus Reed supported the Invenergy wind purchase as moving toward 65% renewable by 2027

The roll call

Agenda PDF Legistar Official votes