PSEG Capacity Hedge Supports Danville Power Portfolio
City of DanvilleCity · Danville, VA- Disclosed value
- $184.00/MW-Day (DY 2025/2026); $187.00/MW-Day (DY 2026/2027); $191.00/MW-Day (DY 2027/2028); $195.00/MW-Day (DY 2028/2029)
- From budget
- Document date
- May 9, 2026
- Renews
- Free account
The 30-second brief
Danville Utilities maintains a 15 MW capacity hedge with PSEG covering delivery years 2025/2026 through 2028/2029 at escalating daily capacity prices. This hedge manages future capacity cost risk in the utility's power supply portfolio.
PSEG holds this financial services contract with City of Danville. Its other public contracts on record include work for Village of Lawrence and Borough of Caldwell.
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Contract details
- Contract type
- Financial Services
- Amount
- $184.00/MW-Day (DY 2025/2026); $187.00/MW-Day (DY 2026/2027); $191.00/MW-Day (DY 2027/2028); $195.00/MW-Day (DY 2028/2029)
- Document date
- May 9, 2026
- Term
- Delivery years 2025/2026 through 2028/2029
- Renews
- On record
- Vendor
- PSEG
- Agency
- City of Danville
- Source document
- City of Danville Utilities Operating and Capital Budget FY2027 (Budget)
PSEG's other public contracts
More City of Danville contracts
Questions about this contract
Who was awarded the financial services contract by City of Danville?
PSEG was awarded this financial services contract by City of Danville, as recorded on May 9, 2026. The contract value is $184.00/MW-Day (DY 2025/2026); $187.00/MW-Day (DY 2026/2027); $191.00/MW-Day (DY 2027/2028); $195.00/MW-Day (DY 2028/2029).
How much is the PSEG contract with City of Danville worth?
The PSEG contract with City of Danville is valued at $184.00/MW-Day (DY 2025/2026); $187.00/MW-Day (DY 2026/2027); $191.00/MW-Day (DY 2027/2028); $195.00/MW-Day (DY 2028/2029), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a budget record.
Where was this contract approved?
This contract appears in City of Danville Utilities Operating and Capital Budget FY2027 (Budget), dated May 9, 2026 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does PSEG hold?
PSEG may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Danville currently buying?
Explore City of Danville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
