Get email alerts on the Energy Contracts topic
No spam. Unsubscribe anytime.
Conoy Township board extends electricity contract with Constellation through 2030
Summary
Treasurer Jennifer Rabuck told the board that FERC changes to PJM’s capacity market will raise power costs; the board voted 5-0 to extend its Constellation contract to Dec. 31, 2030 at a rate of 0.08154 (current 0.07936), with Constellation absorbing near-term capacity cost increases.
The Conoy Township Board of Supervisors voted unanimously June 12 to extend the township’s electricity supply contract with Constellation through Dec. 31, 2030.
Treasurer Jennifer Rabuck told the board that the Federal Energy Regulatory Commission recently authorized changes to PJM’s capacity market that will increase electricity supply costs beginning in June 2025. Under the approved motion, Constellation will absorb those costs for three years if the township agrees to a contract extension. The township’s existing contract rate of 0.07936 will be replaced under the extension by a rate of 0.08154.
The motion to enter the extension was made by Supervisor Justin Risser and seconded by Supervisor S. Jay Williams; the board approved the measure 5-0. Rabuck framed the extension as a risk-management step to avoid immediate increased capacity charges while retaining a fixed supply arrangement through 2030.
The board did not vote on an alternative procurement strategy at the meeting; the extension resolves the near-term cost exposure described by Rabuck and was presented as a three-year cost-absorption offer from Constellation.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
