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HomeMy WebLinkAboutAgenda_GTEU_09.17.2020Notice of Meeting for the Georgetown E lectric Utility Board of the City of Georgetown September 17, 2020 at 4:00 P M at VI RT U AL T he C ity o f G eorgetown is c o mmitted to c ompliance with the Americans with Dis ab ilities Ac t (ADA). If yo u req uire as s is tanc e in participating at a p ublic meeting d ue to a disability, as d efined und er the ADA, reasonable as s is tance, ad ap tatio ns , or acc o mmo d ations will b e provid ed up o n req uest. P leas e contac t the C ity S ecretary's O ffic e, at leas t three (3) d ays p rio r to the s cheduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin Luther King Jr. S treet, G eo rgeto wn, T X 78626 for ad d itional info rmation; T T Y us ers route thro ugh R elay Texas at 711. C onsiste nt with Gover nor Gr eg Abbott’s suspe nsi on of vari ous pr ovi si ons of the O pe n M e etings A c t, e ffec tive August 1, 2020 and until fur the r notic e, to r educ e the chanc e of C O V I D -19 transmission, all C i ty of Ge orge town A dvisor y B oard me etings wil l be he ld vi rtually. P ubl ic c omment will be allowed via te le confe re nc e; no one wil l be allowed to appe ar i n per son. To P ar ti c i pate , pl ease c opy and paste the following we bl ink i nto your browse r : WE B L I N K : J oin Zoom M ee ting https://ge or ge towntx.zoom.us/j/91434228214? pwd=M H Zq U U x4a01we XYy V 0t4 TH l G W Wd4dz09 M e eting I D : 914 3422 8214 P assc ode : 503717 O ne tap mobi le +13462487799,,91434228214# U S (H ouston) +12532158782,,91434228214# U S (Tac oma) D ial by your l ocati on +1 346 248 7799 U S (H ouston) +1 253 215 8782 U S (Tacoma) +1 669 900 6833 U S (S an J ose ) +1 929 205 6099 U S (N ew Yor k) +1 301 715 8592 U S (Ge r mantown) +1 312 626 6799 U S (C hic ago) 877 853 5257 U S Toll-fr ee 888 475 4499 U S Toll-fr ee 833 548 0276 U S Toll-fr ee 833 548 0282 U S Toll-fr ee Page 1 of 22 M e eting I D : 914 3422 8214 F ind your l ocal number : https://ge or getowntx.zoom.us/u/ac U p24v5h C itizen c omments ar e ac ce pte d in thr ee di ffer ent for mats: 1 . S ubmit written c omments to: Laura.Wilkins@georgetown.org by 10:00 a.m. on the date of the me e ting and the R ec ording S ec re tary wil l re ad your c omments into the re cor ding dur i ng the i tem that is be ing di sc usse d. 2. L og onto the me eti ng at the li nk above and “r aise your hand” dur ing the item 3. Use your home/mobile phone to cal l the toll-fre e number To join a Zoom me eti ng, cl ic k on the li nk provided and join as an atte nde e . You wi ll be aske d to e nte r your name and emai l addr ess (thi s is so we c an i de nti fy you when you are c alle d upon). To speak on an ite m, clic k on the “R ai se your H and” option at the bottom of the Zoom me e ting webpage onc e that ite m has ope ne d. When you ar e c all ed upon by the R ec ording Se cr etar y, your de vi ce will be r e mote ly un-muted by the A dmi ni str ator and you may speak for thr e e mi nutes. P lease state your name clear l y, and whe n your time is ove r, your de vi ce will be mute d agai n. U se of pr ofani ty, thre atening l anguage, slande rous r e mar ks, or thre ats of harm ar e not all owe d and will r e sult i n your being imme di atel y re moved from the me e ting. Regular Session (T his R egular S es s ion may, at any time, be rec es s ed to c o nvene an Exec utive S es s ion for any purp o s e authorized b y the O pen Meetings Ac t, Texas G o vernment C ode 551.) A C all to O rd er - R o b ert C as e, Electric Bo ard Vice-C hairman B P ub lic Wis hing to Ad d res s the Board. - R obert C ase, Elec tric Bo ard Vic e-C hairman C P resentation of the G eneral Manager's Mo nthly R eport - Daniel Bethap udi, G eneral Manager o f the Elec tric Utility Regular Agenda D R eview and pos s ible ap p ro val o f the minutes from the meeting of Augus t 20, 2020. -- Laura Wilkins , Executive As s is tant E Disc ussio n and poss ib le rec o mmendatio n to ap p ro ve a 3rd R enewal with Wes c o Distrib utio n, Inc .to provid e Honeywell elec tric meters and related items for the Advanc ed Metering Infras truc ture s ys tem in Page 2 of 22 an amo unt no t to exc eed $420,000 and to ratify $35,700 o f p revious expend itures fo r similar purchas es from Wes c o Dis tribution on C ontrac t No.17-0074-G C . - Mic hael Mald o nado, Meter S ervic es Manager E xecutiv e Session In c o mp lianc e with the O p en Meetings Act, C hap ter 551, G o vernment C od e, Vernon's Texas C o d es , Anno tated , the items lis ted b elo w will b e disc us s ed in c lo s ed session and are s ub ject to ac tion in the regular s es s io n. F E XE C UT IVE S E S S IO N In complianc e with the O pen Meetings Ac t, C hapter 551, G overnment C ode, Verno n's Texas C odes, Annotated , the item listed below will be dis c us s ed in closed s es s io n and is s ubjec t to actio n in the regular session. – Daniel Bethapud i, G eneral Manager o f the Electric Utility Sec. 551.086 Competitive Matters - P urchas ed P o wer Up d ate - R isk Management Up d ate G Ac tion fro m Executive S ession. Adjournment Adjournment Ce rtificate of Posting I, R obyn Dens mo re, C ity S ec retary for the C ity of G eorgetown, Texas, do hereb y certify that this Notice of Meeting was p o s ted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgeto wn, T X 78626, a p lace readily acc es s ib le to the general p ublic as req uired by law, on the _____ day of _________________, 2020, at __________, and remained so p o s ted fo r at leas t 72 c o ntinuo us hours prec eding the sc heduled time of s aid meeting. __________________________________ R o b yn Dens more, C ity S ecretary Page 3 of 22 City of Georgetown, Texas Electric Utility Board September 17, 2020 S UB J E C T: P res entation o f the G eneral Manager's Mo nthly R ep o rt - Daniel Bethap udi, G eneral Manager of the Electric Utility IT E M S UMMARY: Q uarterly F inanc ial R ep o rt Monthly O perations R eport F IN AN C IAL IMPAC T: N/A S UB MIT T E D B Y: Daniel N. Bethap udi - G eneral Manager, Elec tric Utility (LJ W ) AT TAC H ME N T S: D escription Type FY 2020 Third Quarter Pres entation 9-17-2020 - Financial - June 2020 Backup Material Page 4 of 22 FY2020 Annual Budget FY2020 Third Quarter Financial Report Electric Utility Board Page 5 of 22 FY2020 Annual Budget Electric Fund Operating •Operating revenues total $64.4 million, or 71% of budget. Electric sales revenue, the largest component of revenue, totals $59.4 million, or 69% of budget through the quarter. •Sales revenue are typically higher in the summer months when consumption increases. In July, the summer demand due to weather helped cover some of the reduced demand due to COVID closures in the spring. •Development revenue is $2.5 million, more than 4x budget. Changing process to up front payment is helping cash flows. Page 6 of 22 FY2020 Annual Budget Electric Fund Operating •Operating expenses total $61.1 million through the quarter, or 72% of budget. –Vacant positions and other savings programs continue •Purchased Power expenses total $42.5 million, or 69% of budget. •Return on investment transfer to the General Fund is at $3.5 million in Q3. Total annual transfer will cap at $4.5 million in Q4. Page 7 of 22 FY2020 Annual Budget Electric Fund Non-operating •Non-operating revenue is budgeted at $5.5 million. Year to date, non-operating revenues total $5.7 million. –Largest portion of non-operating revenues are bond proceeds. During the third quarter, the City issued revenue bonds as part of the City’s annual debt sale. –REC sales total $600K in Q3. •Non-operating expenses are budgeted at $9.2 million. –Year to date, expenses total $1.7 million for capital improvement projects. –Annual principal debt payments are made in the 4th quarter. Page 8 of 22 FY2020 Annual Budget Electric Fund Summary •Electric revenues and purchase power are tracking according to budget. –Staff continues to meet every two weeks to review electric fund performance. –Power Cost Adjustment, power portfolio management, and reduced operating expenditures continue to improve fund stability. –Q3 ending fund balance is $13.3 million, which is $4.5 million above the budgeted 90 day operating reserve and rate stabilization reserve Page 9 of 22 FY2020 Annual Budget Investments •New bond proceeds for capital projects received in the third quarter •These are invested with other City funds according to the Public Funds Investment Act •Sharp decrease in interest rates due to COVID –Quarter end average yield dropped from 1.41% in Q2 to .74% in Q3 Page 10 of 22 FY2020 Annual Budget Questions? Page 11 of 22 COG - Electric Fund Monthly Report Period FY 2020 - Jun Ledger Account Approved Budget Current Period Year to Date (w/Encumbrance) Year-End Projection Beginning Fund Balance 6,614,742 0 6,614,742 6,614,742 Operating Revenue Electric Revenue 85,509,803 8,342,437 59,388,829 82,530,271 Interest 40,000 829 5,968 10,000 Other Revenue 4,498,616 32,291 2,577,297 4,515,348 Developer Contributions 600,000 16,345 2,475,250 2,000,000 Operating Revenue Total 90,648,419 8,391,902 64,447,344 89,055,619 Operating Expenditures CRR Credits (2,000,000) (34,163) (31,594) (1,698,472) Electric Operations 20,282,587 1,601,318 15,084,905 19,448,613 Purchase Power 61,500,000 5,522,022 42,532,340 61,198,472 Transfers Out - ROI 4,500,000 485,365 3,549,307 4,500,000 Operating Expenditures Total 84,282,587 7,574,542 61,134,958 83,448,613 Total Net Operations 6,365,832 817,360 3,312,386 5,607,006 Non-Operating Revenue Renewable Energy Credits 0 224,261 602,061 602,061 Grant Revenue 0 0 0 0 Bond Proceeds 5,010,000 0 5,055,000 5,055,000 Transfers In 500,000 0 0 500,000 Sale of Assets 10,000 0 12,274 10,261,000 Non-Operating Revenue Total 5,520,000 224,261 5,669,335 16,418,061 Non-Operating Expenditures CIP 5,110,948 54,699 1,694,936 5,010,000 Interest Expense 1,224,183 0 590,621 1,224,183 Debt Service 2,866,312 2,405 47,975 2,866,312 Non-Operating Expenditures Total 9,201,442 57,104 2,333,532 9,100,495 Total Net Non-Operations (3,681,442) 167,157 3,335,803 7,317,566 Excess (Deficiency) of Total Revenue Over Total Requirements 2,684,390 984,517 6,648,189 12,924,572 Ending Fund Balance 9,299,132 984,517 13,262,931 19,539,314 Reserves Contingency Reserve 4,142,159 0 4,142,159 4,190,234 Non-Operational Reserve 0 0 0 13,402,019 Rate Stabilization Reserve 4,555,000 0 4,555,000 1,300,000 Total Reserved Fund Balance 8,697,159 0 8,697,159 18,892,253 Page 12 of 22 Available Fund Balance 601,973 0 4,565,772 647,061 Page 13 of 22 City of Georgetown, Texas Electric Utility Board September 17, 2020 S UB J E C T: R eview and p o s s ib le approval of the minutes fro m the meeting o f August 20, 2020. -- Laura Wilkins, Exec utive Ass is tant IT E M S UMMARY: F IN AN C IAL IMPAC T: N/A S UB MIT T E D B Y: Laura Wilkins - Executive As s is tant AT TAC H ME N T S: D escription Type Minutes from Augus t 20, 2020 Backup Material Page 14 of 22 Minutes of the Meeting for the Georgetown Electric Utility Advisory Board Thursday, August 20, 2020 at 4:00 PM at: Virtual Meeting (Zoom) Board Members Present: Via Teleconference (Zoom): Bill Sattler – Board Chairman, Robert Case -Vice-Chairman, Sam Jones – Secretary, Mike Triggs, Rick Woodruff Board Members Absent: NONE Staff Present: Via Teleconference (Zoom): David Morgan, Daniel Bethapudi, Mike Westbrook, Michael Weisner, Cindy Pospisil, Mohammad Uddin, Robyn Densmore, Laura Wilkins Others Present: NONE REGULAR SESSION: A. Call to Order – Bill Sattler, Board Chairman Meeting was called to order at 4:02 PM by Sattler. B. Discussion on how the “Virtual” conference will be conducted, including options for public comments, and how the public may address the Board. – Bill Sattler, Electric Board Chairman and Daniel Bethapudi, General Manager of the Electric Utility C. Public Wishing to Address the Board. – Bill Sattler, Board Chairman No visitors were present. D. Presentation of the General Manager’s Monthly Report - Daniel Bethapudi – General Manager of the Electric Utility The monthly report was given by Bethapudi, Westbrook, and Pospisil. Discussion and questions followed. NO ACTION E. Guidelines for Board Meetings – Bill Sattler, Board Chairman and Daniel Bethapudi, General Manager of the Electric Utility. Sattler presented the item. Case is in favor of having guidelines. Woodruff asked if it would be possible to get an outline of the items to be on the agenda (any contracts, agreements, etc.) prior to the meeting so that he could review and be prepared to discuss and vote at the meeting? Bethapudi explained that yes, we can. The exception would be confidential items that are discussed in Executive Session, but in every case where it is Page 15 of 22 Georgetown Electric Utility Advisory Board Agenda for Thursday, July 16, 2020 Page 2 of 4 possible to provide the documents in advance, we will do that. Jones asked - on confidential issues could we possibly set up an office with the documents so that board members can drop by the office and review the items and possibly ask questions about the items in advance? Answered by Bethapudi that yes we can do that and we will get with Legal and the city Secretary’s Offices to determine the best way to do that. Bethapudi stated these guidelines will help us keep the meeting moving – but still allow enough time for good discussion of the items. Sattler added that these are meeting guidelines (not restrictions). Laura will prepare meeting guidelines based on today’s discussion to distribute at the next meeting. NO ACTION F. Consideration and possible action to approve the Minutes of the July 16, 2020 Board Meeting – Laura Wilkins, Executive Assistant MOTION by Jones, second by Sattler to approve the minutes as presented. APPROVED 5-0 G. Consideration and possible recommendation regarding subjects raised by Robert Case – Robert Case, Electric Board Vice-Chairman - Aged Accounts Receivable - Credit/Debit Card Convenience Fee - Billing Time Lag - Utility Due Date Time Frame Case spoke about the topics. Bethapudi and Pospisil gave information on previous research and determinations on these topics. Discussion followed. NO ACTION H. Consideration and possible recommendation of the Techline Just-In-Time (JIT) Contract. – Mike Westbrook, Electric Operations Manager Westbrook gave update since the last meeting. Legal has reviewed and the contract has been updated. MOTION by Jones, second by Woodruff to recommend the contract to Council. APPROVED 5-0 I. Presentation and discussion regarding the possible recommendation of the sale of Power Transformers to Lower Colorado River Authority (LCRA). – Daniel Bethapudi, General Manager of the Electric Utility. Bethapudi presented the item. Question from Woodruff - would like to verify that we do not anticipate additional risk? Answered by Bethapudi that these are large transformers inside the substation. LCRA will be responsible and there will be no additional risk to the Page 16 of 22 Georgetown Electric Utility Advisory Board Agenda for Thursday, July 16, 2020 Page 3 of 4 City. Jones added that the risk to the City will actually be lowered by the fact that LCRA will own the transformers. MOTION by Jones, second by Woodruff to recommend to Council the sale of transformers to LCRA. APPROVED 5-0 MOTION by Woodruff, second by Sattler to suspend the Regular Session and that the Board move into Executive Session. APPROVED 5-0 Board moved to Executive Session at 5:18 PM J. EXECUTIVE SESSION: of the Georgetown Electric Advisory Board Section 551.086: Competitive Matters - Purchased Power Update ▪ Related Questions Executive Session called to order at: 5:19 PM by Sattler MOTION by Sattler, second by Woodruff to adjourn Executive Session and reconvene in Regular Session. APPROVED 5-0 EXECUTIVE SESSION Adjourned at 5:44 PM Regular Session reconvened at 5:44 PM K. Action from Executive Session: NO ACTION ADJOURNMENT: MOTION by Sattler, second by Woodruff to adjourn the Electric Board meeting. APPROVED 5-0 Electric Board Meeting Adjourned at: 5:46 PM Page 17 of 22 Georgetown Electric Utility Advisory Board Agenda for Thursday, July 16, 2020 Page 4 of 4 Bill Sattler – Chairman Sam Jones – Secretary Laura Wilkins – Board Liaison Page 18 of 22 City of Georgetown, Texas Electric Utility Board September 17, 2020 S UB J E C T: Dis cus s io n and p o s s ib le recommend atio n to approve a 3rd R enewal with Wes c o Dis tribution, Inc .to p ro vide Ho neywell electric meters and related items fo r the Advanc ed Metering Infras truc ture s ys tem in an amo unt no t to exceed $420,000 and to ratify $35,700 o f p revious expend itures fo r similar purc has es from Wesc o Distribution on C ontrac t No .17-0074-G C . - Mic hael Maldonad o , Meter S ervic es Manager IT E M S UMMARY: T he C ity initially contrac ted with Wes c o Dis tribution in June 2017 for one year, with four (4) o ne-year renewal options . T his item recommend s app ro val o f the 3rd one-year renewal with Wesc o Distrib utio ns. Wesc o Distribution, Inc. is the only authorized dis trib uto r for Ho neywell AMI c o mp atible meters in the S tate o f Texas thus these meters are purc has ed via a S ole S ource p ro curement. T he Loc al G o vernment C o d e approves an exemptio n from competitive bidding laws for sole s o urc e proc urement due to p atents , copyrights, sec ret proc es s es , o r natural monopolies . T he annual not-to-exceed amo unt of $420,000 is unc hanged from the renewals approved in prior years. I n ad d ition, this agenda item als o inc ludes ap p ro val o f $35,700 for p revious exp enditures fo r s imilar p urc hases from Wes co Dis trib utio n whic h were required to replenis h sto ck and oc curred after the 2nd renewal exp ired. In 2019, the C ity spent $335,000 to support new gro wth and maintain and rep lace ino p erab le meters for res id ential elec tric cus to mers . T he costs for 2020 will go up b ecaus e of antic ipated s ystem gro wth and utilizing a different typ e of meter fo r res id ential elec tric c usto mers . T he C ity will begin using a remo te connec t/d is co nnec t meter for res id ential c ustomers to s ave o n the operational c o s ts o f a “truc k ro ll”. S taff recommends ap p ro val o f this item. F IN AN C IAL IMPAC T: T his 3rd R enewal with Wesc o Distrib ution, Inc. includ es revis ed per-unit p rices fro m the o riginal agreement, but the annual no t-to exceed amount of $420,000 is unc hanged. T he meters are purchas ed as invento ry and exp ens ed (in various spend ac c o unts ) when remo ved fro m the warehous e and ins talled. S UB MIT T E D B Y: Mic hael Mald o nado - Meter S ervic es Manager AT TAC H ME N T S: D escription Type Honeywell 3rd Renewal Backup Material Honeywell - GT Meter Price Lis t Backup Material Page 19 of 22 {00011174 / v / / PURCHASING / COMMODITY / 8/9/2020} Renewal No. 3 to the Agreement between Wesco Distribution, Inc. and the City of Georgetown, Texas This Third Renewal Agreement (“Third Renewal”) is entered into by and between the CITY OF GEORGETOWN, a Texas Home-Rule Municipal Corporation (the “City”), and WESCO DISTRIBUTION, INC. (the “Contractor”) (collectively, the “Parties”). The PARTIES hereby agree as follows: WHEREAS, the Parties entered into an Agreement on June 13, 2017 for the purchase of Honeywell Electric Meters related to the City’s Advanced Metering Infrastructure, Contract No. 17- 0074-GC (the “Original Agreement”); and, WHEREAS, the Contractor is the Sole Source Distributor of the Honeywell electric meters and related items for City’s Advanced Metering Infrastructure (AMI) System; and WHEREAS, the Original Agreement provided for (4) four additional one (1) year renewal terms; and, WHEREAS, the Parties agreed to renew the Original Agreement for a first renewal term on June 12, 2018 and on November 26, 2019 for a second renewal term; and WHEREAS, the Parties desire to renew the Original Agreement for a third renewal term; and, NOW THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows: 1. The Parties agree to renew the Original Agreement for a third additional one-year term which will begin immediately upon the expiration of the second renewal term and will end on June 12, 2021, this being the third renewal term. 2. This Third Renewal binds and benefits the Parties and their successors or assigns. This document, including the Original Agreement, is the entire agreement between the Parties. 3. During the term of this Third Renewal, the prices shown in Exhibit A, attached hereto, shall apply to the supply of Honeywell electric meters and related items for City’s Advanced Metering Infrastructure (AMI) System. 4. During the term of this Third Renewal, the City will pay the Contractor an amount not to exceed five hundred twenty thousand dollars ($420,000.00). 5. All other terms and conditions of the Original Agreement not inconsistent with this Third Renewal shall apply. Except as expressly modified by this Third Renewal, the Original Agreement remains unchanged and in full force and effect, subject to its terms. [Signature page to follow] Page 20 of 22 {00011174 / v / / PURCHASING / COMMODITY / 8/9/2020} WESCO DISTRIBUTION, INC. CITY OF GEORGETOWN By: ______________________________ By: ______________________________ Printed Name: _____________________ Printed Name: Dale Ross Title: ____________________________ Title: Mayor Date: ____________________________ Date: _____________________________ ATTEST: __________________________________ Robyn Densmore, City Secretary APPROVED AS TO FORM: __________________________________ James Kachelmeyer, Assistant City Attorney Page 21 of 22 Quote For: The City of Georgetown 300-1 Industrial Avenue Georgetown, Texas 78627 1 | P a g e 4410 Dividend Dr. San Antonio, TX 78219 July 23, 2019_Rev. July 8, 2020 ATTN: Paul Conomos 2020-2021 Price List – Expires 06/30/2021 Customer Part Number Honeywell Style Description Price/Each 366900 ZFA3K000000 Meter, Form 1S, Type R2S, REX2 w/o Disconnect $115.00 366901 ZFCWM000000 Meter, Form 2S, Type R2S, NET 200 amp $101.25 366902 ZFC4M000000 Meter, Form 2S, Type R2S, NET 320 amp $128.75 366910 ZDC210P8082 Meter, Form 4S, Type A3TL, Class 20 $446.25 366911 ZD3210P8082 Meter, Form 9S, Type A3TL, Class 20 $446.25 366912 ZD3310P8082 Meter, Form 16S, Type A3TL, Class 200 amp $446.25 366913 ZD3410P8082 Meter, Form 16S, Type A3TL, Class 320 amp $452.50 366914 ZD2210P8082 Meter, Form 35S, Type A3TL, Class 20 amp $446.25 366915 ZDA210P8082 Meter, Form 3S, Type A3TL, Class 20 Instrument $446.25 366917 ZD8210P8082 Meter, Form 36S, Type A3TL, Class 20 amp $452.50 366918 ZFCWMA00000 Meter, Form 2S, Type R2SD, with Disconnect $142.50 366919 ZDC310P8082 Meter, Form 2S, Type A3TL, 480V, 200 amp $446.25 366920 ZFCWM000000 Meter, Electric, Form 2S, Type R2S, House 200 amp $101.25 366922 ZF5WKA00000 Meter, Form 12S, Type R2SD, Network with Disconnect $172.50 366923 ZFC4M000000 Meter, Form 2S, Type R2S, 320 amp $128.75 366924 ZD3310P80L4 Meter, Form 16S, Type A3RL, Class 200 amp $465.00 366925 ZD3410P8082 Meter, Form 16S, Type A3RL, Class 320 amp $452.50 366927 ZF5WK000000 Meter, Form 12S, Type R2S, Class 200 w/o Disconnect $128.75 366928 ZD5310P8082 Meter, Form 12S, Type A3RL, Class 200 amp $446.25 366937 ZD3310P80L4 Meter, Electric, Form 16S, Class 200, Bi-Directional Solar $465.00 366938 ZD3410P80L4 Meter, Electric, Form 16S, Class 320, Bi-Directional Solar $471.25 366940 ZD3310P80L4 Meter, Form 16S, Class 200 amp, 120-480V, Remote DS $465.00 366941 ZD3410P80L4 Meter, Form 16S, Class 320 amp, 120-480V RD $471.25 YELLOW – R2 | BLUE – A3 Note - The pricing shown does require quantity thresholds to be met. For REX meters, we need at least 96 per order and that total can be met by the total of all line items in the PO. For A3 meters, the threshold for attached pricing is 24 and that can be totaled in the PO as well. Sincerely, Morgan Aikins Wesco Distribution 4410 Dividend Dr San Antonio, TX 78219 Cell: (210) 823-4096 Page 22 of 22