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RESOLUTION NO. 12488 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MESA, ARIZONA, AUTHORIZING AND APPROVING THE PROCUREMENT OF FIRM SUPPLIES OF ELECTRIC POWER AND ENERGY THROUGH A REVERSE AUCTION FOR DISTRIBUTION BY THE CITY ELECTRIC UTILITY FOR A PERIOD OF UP TO FOUR MONTHS. Whereas, the City of Mesa (“City”) owns and operates a municipal electric distribution utility and is authorized by State of Arizona laws and the City of Mesa City Charter to acquire, purchase and manage supplies of electric power and energy necessary to meet the demands of the residential, commercial and industrial customers served by such utility. Whereas, the City of Mesa Energy Resources Department will utilize a pre-qualified and preselected vendor to conduct reverse auction(s) for electric power supplies at no direct cost to the City. Whereas, in response to the City's Reverse Auction, various qualified counterparties who have already executed an Edison Electric Institute (EEI) Master Power Purchase & Sales Agreement (“Enabling Agreement”) or are willing to accept City’s standard EEI terms and conditions at the time of the reverse auction (“Suppliers”) will bid to sell to the City supplies of electric power and energy. Whereas, the City desires to acquire firm electric power and energy for resale by its municipal electric distribution utility and further desires to enter into agreements with terms acceptable to the City with one or more of said Suppliers confirming the purchase of such supplies to be delivered over the reverse auction stipulated period of June through September 2026 beginning no earlier than June 1, 2026. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MESA: Section 1. Authorizing the purchase of 12 MW of firm electric power and energy beginning on June 1, 2026 for the months of June, July, August, and September 2026 for a duration of up to the full Supply Period for each month with final average unit pricing over the Supply Period of no greater than $90/MWh for a cost not to exceed $1,382,400 (“Summer 2026 Off-peak Power”). Section 2. Authorizing the City entering into Edison Electric Institute (EEI) Master Power Purchase & Sales Agreement or similar agreement(s) (“Enabling Agreement”) with Suppliers. Section 3. Authorizing entering an associated transaction confirmation (collectively with Enabling Agreements, "Transaction Documents") for the purchased Supplies listed in Section 1 for which the City will agree to purchase electric power and energy from one of said Suppliers, such deliveries to be made on the dates, at the volumes and within the contract prices set forth above and to be incorporated in such Transaction Documents. Section 5. Alternatively, in the instance that City does not execute on the Supplies listed in Section 1 with one of the Suppliers, the City hereby authorizes the daily, monthly, or seasonal (four months) procurement through the Western Area Power Administration’s Resource Management Services group of replacement energy needed to meet system demand, which are also hereby authorized, on the wholesale energy market on the City’s behalf during the Supply Period. Section 6. Authorizing the use of a pre-qualified and preselected reverse auction services provider who will facilitate a reverse auction at no direct cost to the City for the Supplies. Section 7. The City Manager or his designated representative is authorized to execute the Enabling Agreement, transaction documents and other confirmations. Section 8. The various City officers and employees are authorized to perform all acts necessary to give effect to this Resolution. . Passed and adopted by the City Council of the City of Mesa, Arizona, on April 6, 2026. _______________________________ Mayor ATTEST: ______________________________ City Clerk