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Board approves long-term natural gas supply agreement with Tennessee Energy Acquisition Corp.
3428068 · May 21, 2025
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Summary
The board approved a resolution authorizing a long-term fixed wholesale natural gas supply agreement with Tennessee Energy Acquisition Corporation (TEAC), presented as a multi-decade contract to mitigate market volatility.
The Board of Mayor and Aldermen voted to authorize a long-term fixed wholesale natural gas supply agreement with Tennessee Energy Acquisition Corporation, approving the resolution by voice vote.
City staff said the current 20-year contract with TEAC expires next year and recommended renewing the agreement…
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