Agenda 02/24/2009 - Laserfiche WebLink

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City of Martinsville, Virginia Ordinance No. 2009-05 BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in Regular Session held on February 10, 2009, dispensing with a second reading such that this Ordinance shall take effect immediately, that Section 7-13 be added to Chapter 7 of the Code of the City of Martinsville to read as follows: Sec. 7-13. City alone to aggregate demand response of retail customers in accordance with FERC order 719. WHEREAS, the City of MartinsviII e, Virginia (hereinafter "City") owns and operates an electric utility system for the sale of electric power and associated energy for the benefit of its citizens and taxpayers; and WHEREAS, On October 28, 2008 the Federal Energy Regulatory Commission ("FERC" or "Commission") issued Order No. 719,125 FERC, 61,071,73 Fed. Reg. 64,099 ("Order 719"). WHEREAS, Order 719,18 C.F.R. ~ 35.28(g)(1)(iii) provides: "Each Commission-approved independent system operator and regional transmission organization must permit a qualified aggregator of retail customers to bid demand response on behalf of retail customers directly into the Commission-approved independent system operator's or regional transmission organization's organized markets, unless the laws and regulations of the relevant electric retail regulatory authority expressly do not permit a retail customer to participate." WHEREAS, Order No. 719, 18 C.F.R. ~ 35.28(g)(1)(i)(A) provides: "Every Commission-approved independent system operator or regional transmission organization that operates organized markets based on competitive bidding for energy imbalance, spinning reserves, supplemental reserves, reactive power and voltage controL or regulation and frequency response ancillary services (or its functional equivalent in the Commission-approved independent system operator's