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Page 1
ATTACHMENT #1
Utility Committee Meeting of 03/28/2011
Overview of The Energy
Authority ®
City of Dover, DE Utility
Committee
Monday, March 28, 2011
Utility Committee Meeting of 03/28/2011
ATTACHMENT #1
Page 2
Introducing The Energy Authority®
Our History
A stand-alone Risk Management and Energy
Marketing Company
Totally owned by public power
To serve the needs of public power
To understand the unique culture of public power
To operate within the risk tolerances and
philosophies of public power
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Overview of TEA
Origin
Created in 1997 to address deregulation of
wholesale power markets
In response to FERC orders 888 and 889
Value proposition is based on economies of scale
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Overview of TEA
Growth of Members and Partners
Since it’s founding, TEA has added 4 additional
Equity Members
TEA also provides services to 38 Partners
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Page 5
Overview of TEA
Geographic Reach
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Overview of TEA
Growth of Services
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Overview of TEA
Representative
Jamie Mahne (jmahne@teainc.org)
10 years as an industry consultant
Worked in Deregulated sector mainly
Project Mgt, Business Process, Account Mgt
PJM, MISO, ISO-NE, SPP, ERCOT, CAISO
experience
Clients included Dominion – Virginia Power, Hess,
Reliant, Detroit Edison, Williams, Calpine, TEA
3 years with TEA
Member Services Manager
Client Relations – AMP, Dover
Business Development (mainly in East and within
RTOs) 7
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Overview of TEA
Who We Are
170+ employees in Jacksonville, FL and Bellevue, WA
Six 7 x 24 Trading Desks
Nationwide trading reach
Robust Mid- and Back-Office Operations
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Overview of TEA
Conclusion
We are excited by this opportunity
We see Dover as a strategic partner for us
Right fit
Solidifying our presence in PJM
We value a true Partnership
Two-way communication
Customer satisfaction
Value-focused delivery
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Questions?
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ATTACHMENT #2
Utility Committee Meeting of 03/28/2011
From: McDowell, Traci
To: City Clerks Office
Cc: Richard Kosior
Subject: FW: Answer to non-profit status questions posed at Utility Comittee to TEA
Date: Wednesday, March 30, 2011 8:11:28 AM
This e-mail has been sent to City Council and Civilian Utility Committee Members
From: DePrima, Tony
Sent: Tuesday, March 29, 2011 6:06 PM
To: McDowell, Traci
Subject: Answer to non-profit status questions posed at Utility Comittee to TEA
Please forward to Utility Committee
Utility Committee members, I received the following explanation of TEA non-profit status, Mr.
McGiffin asked for this.
“TEA is a Georgia nonprofit corporation that the Internal Revenue Service found in 1997 to be an
instrumentality of its governmental members for purposes of Code Section 141--the private use section
of the bond provisions of the Code. Because TEA is an instrumentality for federal tax purposes, your
bond counsel should conclude that there are no private use issues in dealing with TEA. The Internal
Revenue Service has also concluded in 2000 that TEA is exempt from federal income tax under Code
Section 115.
TEA’s seven equity members are the Municipal Electric Authority of Georgia, JEA Inc (formerly
Jacksonville Electric Authority), South Carolina Public Service Authority (Santee Cooper), Nebraska
Public Power District, Gainesville (Fla.) Regional Utilities, City Utilities of Springfield Missouri, and
Public Utilities District No. One of Cowlitz County (WA).”
Anthony J. DePrima, AICP, ICMA-CM
City Manager
City of Dover
P.O. Box 475
Dover, DE 19903
(302) 736-7005
This e-mail, including attachments, is confidential and intended only for the designated recipient(s). If you are not
an intended recipient, please delete this e-mail. The unauthorized use, dissemination, distribution or reproduction of
this e-mail, including attachments, is prohibited and may be unlawful.