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Aurora East USD 131 authorizes up-to-60-month energy procurement; board approves live-auction approach
Summary
Trustees authorized administration to run reverse auctions and execute gas and electric agreements with terms not to exceed 60 months and a market-contingency threshold of 10% above qualifying bids received March 9, 2026; the motion passed on a roll-call vote.
The Aurora East USD 131 Board on March 16 authorized administration to run live reverse auctions for electricity and natural gas and to execute agreements with terms not to exceed 60 months, subject to a market-contingency threshold of no more than 10% above qualifying bids received on March 9, 2026.
Becky Thompson of Nania Energy told trustees that the district—s current electricity contract expires in September and that market volatility argues for beginning procurement conversations early. Thompson described the district—s reverse-auction process (pre-qualification followed by a live auction in which vetted suppliers can submit multiple bids) and said administration would, on auction day, have authority to execute agreements if received rates fall below the board—s contingency threshold.
Dr. Helverson moved the authorizing motion; it was seconded, put to a roll-call vote and recorded as passed. The administration said natural-gas pricing is currently about $0.399 per therm for the risk-adverse product the district has used and that auctions will offer multiple term lengths (1–60 months) to let administration select the best-priced term on auction day.
