Radford City Council has voted to approve a proposed settlement between the Blue Ridge Power Agency (BRPA), of which Radford is a member, and Appalachian Power.
The Blue Ridge Power Agency is a “non-profit corporation created by its members to pursue joint action. Through the members’ collective resolve and economies of scale, the Agency pursues the most reliable and lowest cost wholesale electric power supplies possible for its members, BRPA website.
The settlement stems from a contract dispute between BRPA and Appalachian Power over the use of battery storage technology by three BRPA members, including Radford.
Radford City Council unanimously passed motions to approve the settlement agreement and to authorize the city manager to approve the agreement after a review by the city’s legal counsel.
The city is set to receive more than $700,000 per the agreement, $587,000 of which the city will use to repay Appalachian Power money it withheld during the winter as the settlement was worked out.
Staff report
