City funds $975,000 deposit for gas prepay program
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Description
The City Council approved a $975,000 cash deposit to the Municipal Gas Acquisition & Supply Corporation to continue the natural gas municipal prepay program, expected to save about $570,000 annually on wholesale gas costs. The deposit will be funded from the Gas Fund and will increase FY26 operating expenditures.
Contract Details
Contract Amount
$975,000 cash deposit
Vendor
MUNICIPAL GAS ACQUISITION & SUPPLY CORPORATION
Agency
City of Rocky Mount city, NC
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Deposit supports continuation of the City’s participation in the ongoing natural gas municipal prepay program; specific renewal or end date not provided.
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