Village of Chagrin Falls AgendaPacket 2026-06-22
AEP Energy Poised to Power Village Facilities
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Description
Chagrin Falls is considering a Master Energy Purchase Agreement with AEP Energy, Inc. to furnish retail electric service to multiple Village facilities at a specified per‑kilowatt‑hour rate. The ordinance aims to authorize this new power contract as an emergency measure to secure pricing before the existing agreement expires in July 2026.
Contract Details
Contract Amount
$_______ per kilowatt hour (kWh)
Vendor
AEP ENERGY INC
Agency
Chagrin Falls village, OH
Contract Type
UTILITIES
Document Date
June 22, 2026
Contract Term
Not specified; replaces 36‑month contract ending July 2026
Renewal Info
Intended as a successor to a 36‑month Competitive Retail Electric Service Contract with NextEra Energy Services Ohio, LLC expiring July 2026; the new agreement’s term length and renewal options are not specified in the provided text.
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