North Bend approves electric aggregation authorization with 10.39¢/kWh cap

The North Bend council on March 30 adopted Resolution 2026-10 to allow the mayor to enter an electric aggregation agreement with a supplier recommended by Energy Alliances, Inc., contingent on a price cap.

The resolution sets a maximum acceptable aggregation rate of 10.39 cents per kilowatt-hour at the time of execution for a period not to exceed 24 months. Council declared the resolution an emergency and approved it on first reading; members approved the motion by voice vote.

Council and staff said the agreement process mirrors past village aggregation efforts and gives the mayor authority to execute the supply contract if the market rate meets the specified cap. No specific supplier or final contract terms were presented in the meeting transcript; staff will execute the agreement only if the cap condition is met.