City of Nassau Bay Agenda 2026-06-08
City Authorizes Energy by 5 to Procure Power Deal
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Description
Nassau Bay approved Energy by 5 to act as its energy advisor to secure a future fixed‑price electricity contract of up to three years and authorized the City Manager to execute the agreement when pricing is favorable. The action positions the City to lock in competitive electric rates ahead of the June 2, 2028 expiration of its current contract.
Contract Details
Vendor
ENERGY BY 5
Agency
NASA AREA MANAGEMENT DISTRICT, TX
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Future electricity contract not to exceed three years; current contract expires June 2, 2028
Renewal Info
Council authorization covers procurement and execution of the next electricity supply contract, which will be a fixed‑price agreement for up to three years following the current contract ending June 2, 2028.
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