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UTILITIESAMENDED

Bristol Bay Borough Assembly Special Meeting Agenda Packet June 2025

Heat Utilities Agreement Amended with Naknek Electric Association

$653,000 (one-time payment) and $14,000/monthBorough of Bristol BayNAKNEK ELECTRIC ASSOCIATION INCJune 10, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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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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