It is resolved that:
(A)
Council note that a tender will be issued by May
2023 for a new Large Market Natural Gas Supply Contract, noting the financial implications
and natural gas market forecast as outlined in Confidential Attachments A and B
to the subject report;
(B)
Council note that in the tender, information
will be sought as to the source of the gas to be used and the implications of
it;
(C)
Council note that the timing of tender release
will be based on a staff assessment of optimal market conditions to achieve the
best outcome for Council;
(D)
Council note that an effort will be made to
consider gas alternatives in order to transition away from fossil fuels faster
than the 10-year target;
(E)
authority be delegated to the Chief Executive
Officer to:
(i)
approve the acceptance of the tender for Large
Market Natural Gas Supply with the prior consultation of the Chief Financial
Officer, following a tender process in accordance with the Local Government Act
1993 and relevant regulations;
(ii)
negotiate, execute and administer the Large
Market Natural Gas Supply Contract; and
(iii) place
protections against exposure to spot pricing within the contract, if possible;
and
(F) Council note that it will be provided with a CEO Update following the award of the Large Market Natural Gas Supply Contract.
The substantive motion, as varied by consent, was
carried on the following show of hands –
Ayes
(9) The Chair (the Lord Mayor), Councillors Chan, Davis,
Ellsmore, Gannon, Jarrett, Kok, Scott and Scully
Noes
(1) Councillor Weldon.
Substantive motion carried.
S084740