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Katy council authorizes electricity agreement to cover city facilities beginning April 2027; rate capped pending final contract
Summary
After a market briefing from Tradition Energy, the council authorized the mayor to sign a city electricity agreement with a term not to exceed 48 months and a maximum rate presented (0.06764), to take effect April 2027; staff will return with the final contract for execution.
Katy City Council on Feb. 24 heard a market briefing from Michael Skelton, vice president at Tradition Energy, and authorized staff to move forward with procuring electricity for city facilities effective April 2027 for up to a 48‑month term at a not‑to‑exceed rate presented to council.
Skelton told the council the city’s current agreement (negotiated in 2018) locked in a very low rate that expires in 2027 and that market conditions have shifted. He…
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