The deal is for three years and represents a total electricity purchase of more than 2.2 million mega-watt hours. In a news release, the city said the purchase is enough to power more than 800 city-owned facilities, thousands of traffic signals and street lights, and operations like pumping water.
The city said the new deal will save the city up to $7 million dollars per year.
“This is a win-win for the City of Dallas,” said Carolyn McKnight-Bray, Director of City of Dallas’ Equipment and Building Services Department. “The energy efficiency projects are projects the City had planned, but the flexible rebate funds allow us to do them at a reduced cost. Combined with the price savings for electricity itself, this will help us invest in the City’s infrastructure and reduce total energy consumption. That will benefit the City, and its residents, long after the contract expires.”
As much as 40 percent of the city's electricity will come from Texas wind farms making Dallas the second largest municipal purchaser of green power in the nation.
“The City’s objectives were to save taxpayer dollars and to be a leader in environmental stewardship,” said Gabe Castro, vice president of energy sales for large business, TXU Energy.