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Radford Council approves master power agreements to move off 20-year APCO contract
Summary
The council approved a resolution authorizing master power purchase and sale agreements for 06/01/2026–12/31/2028, allowing Radford to pursue market-based products, multiple suppliers and optional renewable integration; staff will seek live pricing and return with confirmations and further analysis.
Radford City Council approved a resolution authorizing Master Edison Electric Institute (EEI) power purchase and sale agreements for the term June 1, 2026, through Dec. 31, 2028, a move intended to transition the city away from its long-standing wholesale arrangement with Appalachian Power Company when that contract ends on May 31, 2026.
The council’s action accepts a procurement framework recommended by Radford’s electric department and the Blue Ridge Power Agency. Tim Logwood of the Radford City electric department told the council the resolution authorizes the city manager to execute master agreements and allows the director of electric to sign confirmation agreements with the least-cost supplier subject to stated pricing…
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