City of Salem Awards Utilities Contract to Aep Energy Partners (April 2026)
City of SalemCity · Salem, VA- Disclosed value
- Up to $2.4 million of projected congestion costs authorized for FTR transactions
- From agenda
- Approved
- Apr 13, 2026
The 30-second brief
The Salem City Council adopted Resolution 1521 reaffirming its agreement with AEP Energy Partners to use auction revenue rights and financial transmission rights to manage electric transmission congestion costs under a new 31‑month power supply contract starting June 1. The resolution authorizes staff to commit up to $2.4 million—75% of projected congestion costs—to FTR transactions to stabilize rates.
Aep Energy Partners holds this utilities contract with City of Salem. Its other public contracts on record include work for City of Hagerstown.
Term as filed: 31‑month electric supply contract beginning June 1 (exact end date not stated).
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Contract details
- Contract type
- Utilities
- Amount
- Up to $2.4 million of projected congestion costs authorized for FTR transactions
- Document date
- April 13, 2026
- Term
- 31‑month electric supply contract beginning June 1 (exact end date not stated)
- Vendor
- Aep Energy Partners
- Agency
- City of Salem
- Source document
- City of Salem City Council Agenda April 13 2026 (Agenda)
Aep Energy Partners's other public contracts
More City of Salem contracts
Questions about this contract
Who was awarded the utilities contract by City of Salem?
Aep Energy Partners was awarded this utilities contract by City of Salem, as recorded on April 13, 2026. The contract value is Up to $2.4 million of projected congestion costs authorized for FTR transactions.
How much is the Aep Energy Partners contract with City of Salem worth?
The Aep Energy Partners contract with City of Salem is valued at Up to $2.4 million of projected congestion costs authorized for FTR transactions, covering utilities work.
What type of contract is this?
This is a Utilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Salem City Council Agenda April 13 2026 (Agenda), dated April 13, 2026 from City of Salem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Aep Energy Partners hold?
Aep Energy Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Salem currently buying?
Explore City of Salem's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.