Heat Utilities Agreement Amended with Naknek Electric Association
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Description
Bristol Bay Borough approved an amended utilities contract with Naknek Electric Association, Inc., involving a $653,000 one-time payment for heat supply infrastructure and $14,000 per month for heat delivery. The agreement allows for every-three-year price renegotiations and includes both the Borough and School District facilities.
Contract Details
Contract Amount
$653,000 (one-time payment) and $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 rate renegotiation every 3 years; one-time repayment within 30 days of effective date
Renewal Info
Renewable or renegotiated every 3 years based on avoided fuel cost methodology; continues Service Exchange Agreement for duration of Heat Agreement.
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