electricity supply agreements

Summary

This ordinance authorizes the City Manager to enter into an agreement for electric supply for city facilities located within Ameren Illinois territory utilizing a fixed all-inclusive kilowatt hour (kWh) rate. The recommended agreement is a twenty-four month contract with Direct Energy at a fixed rate of $0.08381/kWh, projected to save approximately $100,040 annually. The agreement aims to balance budget certainty while limiting the city’s long-term exposure to future market fluctuations.

Details

Subject

electricity supply agreements

Summary

This ordinance authorizes the City Manager to enter into an agreement for electric supply for city facilities located within Ameren Illinois territory utilizing a fixed all-inclusive kilowatt hour (kWh) rate. The recommended agreement is a twenty-four month contract with Direct Energy at a fixed rate of $0.08381/kWh, projected to save approximately $100,040 annually. The agreement aims to balance budget certainty while limiting the city’s long-term exposure to future market fluctuations.

Action Type

new

Adoption Date

2026-05-12

Enacting Body

City Council

Ordinance Number

Ord. 2026