City of Martinsville City Council Meeting Agenda January 2025
City Proposes Master Power Purchase Agreement with Shell Energy North America
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Description
The City of Martinsville is proposing to enter into a master power purchase and sale agreement with Shell Energy North America (US), L.P., streamlining future electricity procurement. The agreement will allow the City Manager to execute future RFP-based power contracts quickly in response to market conditions.
Contract Details
Vendor
SHELL ENERGY NORTH AMERICA (US) LP
Agency
City of Martinsville, VA
Contract Type
UTILITIES
Document Date
January 28, 2025
Contract Term
One to three years per executed transaction; ongoing master agreement for future RFP-based purchases
Renewal Info
Master agreement enables future transactions of varying terms (typically 1-3 years) as needed; City Council must authorize execution of each purchase contract under the master agreement; ongoing.
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