NRC Awards $4.1M for Electric Power Services to Potomac Electric Power Co
Contract Overview
Contract Amount: $4,125,097 ($4.1M)
Contractor: Potomac Electric Power CO
Awarding Agency: Nuclear Regulatory Commission
Start Date: 2024-09-27
End Date: 2029-11-30
Contract Duration: 1,890 days
Daily Burn Rate: $2.2K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Energy
Official Description: THIS ACQUISITION IS FOR ELECTRIC DISTRIBUTION, TRANSMISSION AND SUPPLY AND ENERGY MANAGEMENT SERVICES
Place of Performance
Location: ROCKVILLE, MONTGOMERY County, MARYLAND, 20852
State: Maryland Government Spending
Plain-Language Summary
Nuclear Regulatory Commission obligated $4.1 million to POTOMAC ELECTRIC POWER CO for work described as: THIS ACQUISITION IS FOR ELECTRIC DISTRIBUTION, TRANSMISSION AND SUPPLY AND ENERGY MANAGEMENT SERVICES Key points: 1. Contract awarded to a single, established utility provider. 2. Focus on essential energy services for the Nuclear Regulatory Commission. 3. Long-term contract duration suggests potential for stable pricing. 4. Limited competition raises questions about optimal price discovery.
Value Assessment
Rating: fair
The contract value of $4.1M over approximately 5 years is difficult to benchmark without specific service details. However, for utility services, this amount appears reasonable for a federal agency's operational needs.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract is listed as 'NOT AVAILABLE FOR COMPETITION,' indicating a sole-source or limited competition award. This approach may limit price negotiation opportunities and potentially lead to higher costs compared to a fully competitive process.
Taxpayer Impact: Taxpayer funds are being used for essential energy services. The lack of competition could mean a less cost-effective outcome than if multiple vendors had bid.
Public Impact
Ensures reliable energy supply for critical federal operations. Supports the functioning of the Nuclear Regulatory Commission. Potential for increased energy costs due to limited competition.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition
- Sole-source award
Positive Signals
- Essential service provision
- Long-term contract
Sector Analysis
The contract falls under the 'Other Electric Power Generation' sector, specifically for distribution, transmission, and supply. Utility services are typically provided by established regional providers, often leading to limited competition for specific geographic areas.
Small Business Impact
There is no indication that small businesses were involved in this contract. The award to a large utility company suggests that small business participation was not a primary consideration or opportunity.
Oversight & Accountability
The Nuclear Regulatory Commission is the awarding and contracting agency. Oversight would focus on service delivery, adherence to contract terms, and financial management. The limited competition aspect warrants scrutiny to ensure fair pricing.
Related Government Programs
- Other Electric Power Generation
- Nuclear Regulatory Commission Contracting
- Nuclear Regulatory Commission Programs
Risk Flags
- Limited competition
- Sole-source award
- Potential for non-optimal pricing
- Lack of small business participation
Tags
other-electric-power-generation, nuclear-regulatory-commission, md, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Nuclear Regulatory Commission awarded $4.1 million to POTOMAC ELECTRIC POWER CO. THIS ACQUISITION IS FOR ELECTRIC DISTRIBUTION, TRANSMISSION AND SUPPLY AND ENERGY MANAGEMENT SERVICES
Who is the contractor on this award?
The obligated recipient is POTOMAC ELECTRIC POWER CO.
Which agency awarded this contract?
Awarding agency: Nuclear Regulatory Commission (Nuclear Regulatory Commission).
What is the total obligated amount?
The obligated amount is $4.1 million.
What is the period of performance?
Start: 2024-09-27. End: 2029-11-30.
What is the justification for limiting competition for these essential energy services?
The justification for limiting competition is not explicitly stated in the provided data. Typically, such limitations occur when a specific vendor is the only viable option due to geographic exclusivity, existing infrastructure integration, or unique service capabilities. Further investigation into the agency's procurement records would be needed to understand the precise rationale.
What are the potential risks associated with a sole-source energy contract?
The primary risk of a sole-source energy contract is the potential for inflated pricing due to the absence of competitive pressure. The agency may not be receiving the most cost-effective rates available in the market. Additionally, there's a risk of vendor complacency regarding service quality or innovation over the contract's long duration.
How does this contract ensure the effective delivery of energy services to the NRC?
The effectiveness of this contract relies on the established track record and infrastructure of Potomac Electric Power Co. as a major utility provider. The long-term nature of the contract (over 5 years) suggests a commitment to ensuring consistent and reliable energy supply. However, effectiveness also depends on the NRC's contract management and performance monitoring.
Industry Classification
NAICS: Utilities › Electric Power Generation, Transmission and Distribution › Other Electric Power Generation
Product/Service Code: UTILITIES AND HOUSEKEEPING › UTILITIES
Competition & Pricing
Extent Competed: NOT AVAILABLE FOR COMPETITION
Solicitation Procedures: ONLY ONE SOURCE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 701 9TH ST NW, WASHINGTON, DC, 20068
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $10,037,050
Exercised Options: $10,037,050
Current Obligation: $4,125,097
Actual Outlays: $1,828,321
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47PA0420D0064
IDV Type: IDC
Timeline
Start Date: 2024-09-27
Current End Date: 2029-11-30
Potential End Date: 2029-11-30 00:00:00
Last Modified: 2026-03-24
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