Belonging to CMPAS, utilities gain a greater understanding of their portfolio's inherent risks and cost drivers and make the final decision in choosing their power portfolio based on customized recommendations and alternatives from CMPAS. After the planning process is complete, the agency solicits the entire membership based on individual or aggregate need for possible interest in proceeding to a project procurement phase. When this happens, CMPAS begins the work to create wholesale buying opportunities that can include affiliates.
The procurement phase typically involves:
- Identification of possible project opportunities
- Project development
- RFP bid solicitation
- Due diligence performance
- Examining and evaluating potential projects
- Conducting financial analysis
- Contract development and negotiation
- Agency acquisition of interim and/or permanent financing
As development and due diligence taks proceed, the agency assigns costs to participants by their proportional subscription quantity. As CMPAS-sponsored projects moves into the contract development and negotiation stage, each participants governing body must approve final contract terms and agree to their assigned proportional share of costs. The ensuing collaborative buying group allows for cost-sharing and economies of scale that mutually benefit all participants at every stage of the process from project identification to operation.