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TO: Mayor Richard C. Irvin
FROM: Martin Lyons, Chief Financial Officer
Alexandra Voigt, Asst. Chief of Staff
DATE: May 20, 2021
SUBJECT:
To obtain the City Council's approval of the attached resolution that would authorize the execution of an extension of the Master Power agreement with Eligo Energy, IL, LLC. to provide electrical aggregation services.
PURPOSE:
To obtain the City Council's approval to authorize the Chief Financial Officer to execute a contract extension agreement with Eligo Energy IL, LLC for an electrical aggregation program.
BACKGROUND:
The Illinois Power Agency Act, Chapter 20, Illinois Compiled Statutes, Act 3855, added section 1-92 entitled Aggregation of Electrical Load by Municipalities and Counties, codified at 20ILCS3855/1-92.
In 2012, a referendum was held and approved concerning the establishment of a municipal electricity aggregation program pursuant to Public Act 96-0176. In April 2012, the City Council approved a plan of operation and governance for the program by adoption of Ordinance 12-029. The city solicited bids through the consultant to provide electricity supply aggregation to residents and small commercial businesses of Aurora in May 2012. The City aggregated once again in 2014 using the same process. However ComEd's rates decreased during this time and the City was able to terminate the agreement with supplier.
In October 2019, the City entered into an agreement with Eligo Energy IL, LLC to provide electrical aggregation for an initial term of 18 months. (R19-362).
DISCUSSION:
Specifics of 100% Renewable Aggregation program:
- Guarantees the participating residents will never pay more than ComEd
- Residents will not pay early termination if they choose to leave the program
- Continue to receive one invoice from ComEd
- Energy Supplier will purchase Renewable Energy Certificates (RECs)
- Qualifies the City of Aurora for EPA's Green Power Partnership Program
- Energy Supplier will coordinate EPA applica...
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