Bristol Bay Borough Assembly Special Meeting Agenda June 2025
Heat Supply Contract Amendment with Naknek Electric Association
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Description
Bristol Bay Borough, School District, and Naknek Electric Association amended their longstanding heat supply contract, with BBB to pay $653,000 up front and $14,000 monthly for ongoing heating services. Amendment adds the borough as a formal party and sets mechanisms for future rate adjustments.
Contract Details
Contract Amount
$653,000 one-time payment plus $14,000/month
Vendor
NAKNEK ELECTRIC ASSOCIATION INC
Agency
Borough of Bristol Bay, AK
Contract Type
UTILITIES
Document Date
June 10, 2025
Contract Term
Effective 2025, ongoing with triennial review
Renewal Info
Triennial price negotiation; contract continues until mutual termination. Service Exchange Agreement runs concurrently for the duration.
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