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Katy council OKs parameters for new electricity contract, sets 48‑month cap for staff to secure best offer
Summary
Following a presentation on Texas wholesale power markets, the council authorized staff to pursue a power agreement beginning April 2027 with a not‑to‑exceed price for up to 48 months; staff retains ability to accept lower bids and will return the final contract for execution.
KATY, Texas — The Katy City Council on Feb. 24 authorized city staff to pursue an electricity agreement that would take effect in April 2027 for a term up to 48 months and set a not‑to‑exceed cap on the rate presented to council.
The council’s action followed a market briefing from Michael Skelton, vice president of Tradition Energy, who told the council that changes in the Electric Reliability Council of Texas (ERCOT) market — including rapid growth in renewable generation, increased weather sensitivity and large new demand from data centers and industrial…
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