City of Danville Utilities Operating and Capital Budget FY2027
PSEG Capacity Hedge Supports Danville Power Portfolio
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Description
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.
Contract Details
Contract 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)
Vendor
PSEG
Agency
City of Danville, VA
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
Delivery years 2025/2026 through 2028/2029
Renewal Date
2029-05-31
Renewal Info
Hedge pricing is specified through DY 2028/2029; renewal or extension options beyond that period are not described.
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