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TO: Mayor Richard C. Irvin
FROM: Chris Minick, Chief Financial Officer/City Treasurer
Alex Voigt, Deputy Chief of Staff
DATE: September 8, 2023
SUBJECT:
To obtain the City Council's approval of the attached resolution that would authorize the execution of an agreement between the City of Aurora and MC2 Energy Services to provide electrical aggregation services.
PURPOSE:
To obtain the City Council's approval to authorize the Chief Financial Officer to execute an agreement with MC2 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 O12-029 (attached) and amended the ordinance in 2014 (O14-046, attached) to incorporate changes to the program after the first two years in operation.
The city previously solicited bids through the consultant to provide electricity supply aggregation to residents and small commercial businesses of Aurora in 2012 and 2014. In 2019, the city entered into an agreement with Aurora-based company Progressive Energy Group (PEG) to manage the city's program services. In 2019 and again in 2021, PEG negotiated the contract for the city's electrical aggregation program.
The agreement before the Council today was also vetted through PEG.
DISCUSSION:
The landscape of aggregation programs has changed significantly over the past two years. The Environmental Protection Agency (EPA) changed the program requirements, and the program before the Council today is reflective of those changes.
The proposed program is the only bidder that offered both a ComEd Price Match Guarantee and a...
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