City of Inverness Council Meeting Minutes March 2026
Thirty-Year Franchise Agreement Renewal Approved with SECO Energy
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Description
The City Council approved a 30-year franchise agreement renewal with SECO Energy for continued provision of electric utility services in Inverness. The new agreement continues a 6% compensation structure for total electricity sold within the city.
Contract Details
Vendor
SECO ENERGY
Agency
City of Inverness, FL
Contract Type
UTILITIES
Document Date
March 3, 2026
Contract Term
30 years
Renewal Date
2056-03-03
Renewal Info
Prior agreement dated 1996 with a 30-year term. New agreement continues the structure for an additional 30 years from 2026.
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