TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 5, 2026
COMMITTEE ON PROCUREMENT
Mr. John P. Murray, Executive Director
Title
Report on the amendment to the agreement for Contract 20-RFP-24, Supply of Electricity, with MP2 Energy NE LLC, for a One (1) Year Extension, starting December 2026 and ending December 31, 2027
Body
Dear Sir:
At the Board meeting of January 9, 2025, the Board of Commissioners granted authority to exercise an option to extend the District’s existing agreement with electricity supplier MP2 Energy NE LLC (MP2), or to administer a reverse auction to procure electricity and renewable energy credits for years 2026 and 2027 under Contract 20-RFP-24, subject to obtaining pricing that is favorable to the District.
On August 21, 2025, MP2 submitted a proposal for a 12 month extension pricing agreement, effective from the applicable meter read dates in December 2025 through December 31, 2026. The Director of Procurement and Materials Management reviewed and accepted this offer.
Subsequently, on February 11, 2026, MP2 submitted a proposal for an additional 12-month extension pricing agreement, effective from the applicable meter read dates in December 2026 through December 31, 2027. This offer was also reviewed and accepted by the Director of Procurement and Materials Management.
The District and MP2 have agreed upon new fixed electricity supply rates of $0.04790/kWh for Group 1 accounts and $0.04427/kWh for Group 2 accounts for 2027. These rates closely align with the District’s current 2026 pricing of $0.04790/kWh and $0.04432/kWh, respectively.
The extension prices are considered advantageous to the District and in the public’s best interest.
Requested, Pinakin V. Desai, Acting Director of Maintenance and Operations
Recommended, Darlene A. LoCascio, Director of Procurement and Materials Management