Detroit Regional Convention Facility Authority Board Meeting Agenda Packet May 2026
Fourteen-year steam supply deal with Detroit Thermal
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Description
The Board authorized a 14‑year steam purchase agreement with Detroit Thermal, running from November 20, 2026 through September 14, 2039 with defined pricing and early termination fees. Negotiated rates will be applied retroactively to the 2025–2026 winter heating season.
Contract Details
Vendor
DETROIT THERMAL
Agency
Detroit Regional Convention Facility Authority, MI
Contract Type
UTILITIES
Document Date
May 1, 2026
Contract Term
November 20, 2026 – September 14, 2039 (14 years)
Renewal Date
2039-09-14
Renewal Info
Initial 14‑year term with early termination fees ($1.5M in years 1–10, reduced thereafter); any renewal beyond 2039 is not specified.
Issuing Agency
Detroit Regional Convention Facility Authority
Special District
Detroit, MI
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