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PROFESSIONAL_SERVICESAPPROVED

Knoxville Utilities Board Awards Professional Services Contract to Sr Carroll Llc (September 2025)

Knoxville Utilities Board approved execution of a Letter of Intent and 20-year Power Purchase Agreement with SR Carroll, LLC for 7 MW of solar energy at a fixed price of $55.75 per MWh. The agreement secures KUB's participation in a major Tennessee Valley Authority solar project expected online in 2029.

Document date · September 18, 2025

Issuing agencyKnoxville Utilities BoardVendorSr Carroll Llc

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$55.75/MWh for 20 years; capped at 7 MW portion of 140 MW solar facility
Contract type
PROFESSIONAL_SERVICES
Contract term
20 years, expected 2029–2049
Renewal date
2049-09-30
Renewal
Letter of Intent holds the fixed price until the PPA is executed, which must occur by September 30, 2027 (unless extended for project delays). 20-year term starts with commercial operation, anticipated September 30, 2029. Performance assurance, milestone payments, and default/termination terms are specified. No auto-renewal; extension or renewal would require new board action.
Document type
AgendaPacket
Source document
Knoxville Utilities Board Meeting Agenda September 2025

Related contracts

Other contracts from Sr Carroll Llc.

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KUB Board Meeting Agenda October 16, 2025
APPROVED
Knoxville Utilities Board, Tennessee$55.75 per MWh for 7 MW for 20 years; Estimated $280,000 annual net savings to KUBOct 16, 2025
KUB Board Meeting Agenda September 2025
APPROVED
Knoxville Utilities Board, TennesseeSep 18, 2025
CDE Lightband Power Board Meeting Agenda December 17 2024
PENDING
City of Clarksville, TennesseeDec 17, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Knoxville Utilities Board?

Sr Carroll Llc was awarded this professional services contract by Knoxville Utilities Board, as recorded on September 18, 2025. The contract value is $55.75/MWh for 20 years; capped at 7 MW portion of 140 MW solar facility.

How much is the Sr Carroll Llc contract with Knoxville Utilities Board worth?

The Sr Carroll Llc contract with Knoxville Utilities Board is valued at $55.75/MWh for 20 years; capped at 7 MW portion of 140 MW solar facility, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Knoxville Utilities Board Meeting Agenda September 2025 (AgendaPacket), dated September 18, 2025 from Knoxville Utilities Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sr Carroll Llc hold?

Sr Carroll Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Sr Carroll Llc's profile

What is Knoxville Utilities Board currently buying?

Explore Knoxville Utilities Board's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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