City of Monroe Public Enterprise Committee Agenda April 2024
Monroe Considers Long-Term Gas Supply Deal with Black Belt Energy
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Description
The City of Monroe is considering a long-term natural gas supply agreement with Black Belt Energy to serve large industrial customers at discount rates, subject to City Council approval.
Contract Details
Vendor
BLACK BELT ENERGY
Agency
City of Monroe, NC
Contract Type
UTILITIES
Document Date
April 2, 2024
Contract Term
Not greater than 372 months (up to 31 years); initial arrangements approx. 10-30 years for subagreements
Renewal Info
City Manager authorized to execute documents and contract renewals; supply agreement term up to 31 years; supply to ATI Specialty Materials (3,500 MMBtu/day) and Tyson Foods (500 MMBtu/day).
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