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Board ratifies two‑year electricity commodity agreement as capacity costs rise
Summary
The board ratified a two‑year electricity commodity agreement with AEP Energy covering Dec. 2024 through Dec. 2026; staff said the commodity rate rose slightly driven by an over 800% year‑over‑year spike in the capacity component of grid costs.
The Franklin Regional School Board ratified a two‑year electricity commodity agreement with AEP Energy at its Jan. 13, 2025 meeting. Administration asked the board to ratify the agreement covering December 2024 through December 2026 to provide price certainty amid volatile capacity costs.
Finance staff (Mr. Perry) told the board the overall rate in the proposed two‑year agreement…
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