Tarentum Council Approves Power Agreements with Potomac Energy and Bright Mountain Solar
Tarentum Council has approved agreements with Potomac Energy Center and Bright Mountain Solar to secure power capacity and mitigate rising electricity costs. The deals include a 15-year agreement for 600 kilowatt hours from Potomac in Virginia and a 25-year agreement for 1.5 megawatt hours from Bright Mountain in Kentucky, amounting to 10% of the borough's annual needs. The current capacity price has surged from $28 to $325 per megawatt hour, prompting the council to act to stabilize future costs.
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Tarentum Council approved agreements with Potomac Energy Center and Bright Mountain Solar to secure electricity capacity and manage rising costs. The 15-year deal with Potomac reserves 600 kilowatt hours from its plant in Virginia, while Bright Mountain provides 1.5 megawatt hours over 25 years from Kentucky.
This represents about 10% of Tarentum's annual power needs of 32,000 megawatt hours. Capacity prices have escalated from $28 to $325 per megawatt hour, prompting proactive measures to avoid future increases. These agreements aim to stabilize costs amid market volatility influenced by rising demand, especially from data centers.
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