City of Crestview City Council Regular Meeting Agenda April 2025
Electric Utility Franchise Awarded to CHELCO for 10+ Years
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Description
The City of Crestview approved a 10-year non-exclusive electric utility franchise with Choctawhatchee Electric Cooperative, Inc. (CHELCO), granting rights to provide electric service in city limits. The City will receive a 6% franchise fee on gross revenue, with two optional 5-year renewals.
Contract Details
Contract Amount
6% of gross revenue derived from the franchise agreement, commencing in June 2025 (monthly payments)
Vendor
CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC
Agency
Crestview Housing Authority, FL
Contract Type
UTILITIES
Document Date
April 28, 2025
Contract Term
10 years, with two 5-year renewals (potential total of 20 years)
Renewal Date
2035-11-30
Renewal Info
Two optional five-year renewals may be exercised by mutual agreement. Fee may be adjusted if higher rate paid to other jurisdictions. Renewals not automatic; require City and CHELCO agreement. Typical expiration: 10 years after effective date, plus up to 10 more years if renewed.
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