June 12, 2012 - FOR IMMEDIATE RELEASE
For Comment or Questions Call:
Lincoln - Mayor Keith Snyder 217-735-1612
Logan County Board – Schumacher, Member 217-737-8401
Atlanta - Mayor Fred Finchum 217-648-2351
Mt. Pulaski - Mayor Jim Fuhrer 217-792-3222
Emden - Mayor Ivan Rademaker 217-376-3182
ICCAN - Mark Pruitt, Consultant 219-921-3828
Re: Logan County Communities Utility Aggregation locks in lowest price in the State of Illinois to date
On June 12 representatives from Logan County Board, Lincoln, Atlanta, Mt. Pulaski and Emden met in Lincoln to review the returned residential aggregation bids and sign their communities into electricity procurement contracts. In the end, the communities signed into a contract with Integrys Energy Service for $ .03965 per kilowatt hour. This price includes 25% renewable energy allowing the communities to meet Illinois renewable energy mandate for 25% by 2025. Each household is estimated to save $216 per year and for the first year the communities are estimated to save $2.3 million when compared to the estimated average Ameren default rate of $.05752 per kilowatt hour.
After considerable review and guidance from consultants a request for proposal (RFP) was sent out earlier in the week to the qualified electricity suppliers with the intended return date of June 12 at noon. Early in the process, Logan County, the city of Lincoln, Atlanta, Mt. Pulaski and Emden decided to go out on the open market together with the help of the Illinois Community Choice Aggregation Network (ICCAN) and the Lincoln & Logan County Economic Development Partnership.
Now that a contract has been signed, residents will receive letters in the mail from their community and Ameren giving them the opportunity to opt-out (not participate) in the aggregation program. Residents choosing to opt-out will default to the Ameren rate.