Conway Corp. board members on Tuesday approved a letter of agreement for the purchase of additional electricity from NRG, a power supplier from Louisiana, in a move that could positively affect local ratepayers.
"This has the potential to keep the cost of power as low as possible," Richard Arnold, Conway Corp. CEO, told the board.
Conway Corp. purchases most of its power from jointly-owned coal-fired plants in Jefferson County. The power is controlled by Entergy Corp., and purchase prices can fluctuate, Conway officials said. The NRG agreement will help the city avoid fluctuating prices.
"The purchase of electricity requires a daily and sometimes hourly decision to lock in a price," George Heintzen, Conway power supply director, said.
"The price is only good for that day, or for that half-hour. The goal of the agreement is to contract all the energy we can beyond what we get from our coal plants."
The power cost adjustment is noted on Conway Corp. customers’ monthly bills.
In other business, the board heard that 15 general contractors purchased bidding packets for construction of the Tupelo Bayou wastewater treatment facility on Lollie Road, Bids will be opened at the McGee Center at 10 a.m. Wednesday, Feb. 29.
"This is the biggest project we’ve ever done," Arnold said. "This marks the transition of Conway to the future."
The current plant was built in 1979. Construction is expected to begin on the two-year project by July 2.
"We’ve been talking about it a long time, so everybody’s aware," Arnold said. "We’re hoping for good, competitive bids."
The board voted to provide $250,000 over three years to aid in the construction of a new Boys and Girls Club on 1.27 acres at the corner of Robins and German Lane, adjacent to the baseball fields on city property. The club will have a 99-year lease from the city.
Shawn Rea and Clay Gordon, members of the club’s steering committee, said construction of the 15,000-square-foot facility would allow the doubling of services to the city’s youth who attend the club for after-school activities, including homework mentoring and sports.
The board received a certificate of appreciation for sponsorship of Arbor Day from Randy Romeo and Jim Isom, members of the Conway Tree Board.
Executive offices will move from Conway Corp.’s second-floor for six weeks while the roof is replaced, Arnold said. A "freshening" of the downtown office was completed late last year and roof damage was discovered in that process.
(Staff writer Becky Harris can be reached at firstname.lastname@example.org and 505-1234.)