Civic IQ
FINANCIAL_SERVICESAPPROVED

City of Rocky Mount Council Meeting Agenda April 2026

City funds $975,000 deposit for gas prepay program

$975,000 cash depositCity of Rocky Mount cityMUNICIPAL GAS ACQUISITION & SUPPLY CORPORATIONApril 27, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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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