UTILITIESRENEWED

New Jersey Institute of Technology Board of Trustees Public Session Meeting Agenda Packet 2026-06-11

Direct Energy Awarded 2026–29 Natural Gas Supply Contract

New Jersey Institute of TechnologyDIRECT ENERGYJune 11, 2026

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Description

NJIT renewed its natural gas commodity supply contract with Direct Energy for a new three-year term, providing campus-wide gas service and budget certainty through November 2029.

Contract Details

Vendor

DIRECT ENERGY

Agency

New Jersey Institute of Technology, NJ

Contract Type

UTILITIES

Document Date

June 11, 2026

Contract Term

Natural gas commodity contract through November 2029; new natural gas contract effective December 1, 2026–November 30, 2029

Renewal Date

2029-11-30

Renewal Info

New contract effective December 1, 2026, with 14% rate increase over prior agreement; runs through November 30, 2029.

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Issuing Agency

New Jersey Institute of Technology

Higher Ed

New Jersey Institute of Technology, NJ

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Vendor