R-19-25 Authorizing the Village Administrator to enter into an electric aggregation agreement for Village owned facilitiesVILLAGE OF
TEMONT
418 Main Street I Lemont, IL 60439
TO: Village Board Meeting
FROM: Darshana Prakash, Finance
THROUGH: George Schafer, Village Administrator
SUBJECT: Resolution Authorizing the Village Administrator to enter into an electric
aggregation agreement for Village owned facilities
DATE: March 24, 2025
SUMMARY/BACKGROUND
The Village owned facilities (street lights, pump stations, lift stations, etc) are currently under
contract with CPV Retail Energy LP at a price of $0.05222/kWh. This is a 12 month contract
that expires in May 2025.
At the March 10, 2025 Committee of the Whole meeting, Elia Streltsov, energy consultant with
Exigent Solutions, presented the electric aggregation rates for a 12 - 24 - 36 months term as
well as provided recommendations on desirable contract terms that would result in cost
savings to the Village.
The Board's decision was to enter into a 36 term fixed rate contract with the lowest bidding
supplier. Due to the volatility of the energy rates and the immediate need to lock in a contract
at a favorable price, the Board agreed to give the Village Administrator the authority to act on
their behalf.
This Resolution gives the Village Administrator the authority to enter into a contract with the
energy supplier who offers the most favorable fixed price on a given date for a 36 term within
the parameters stipulated in the Resolution.
ANALYSIS
Consistency with Village Policy
STAFF RECOMMENDATION
Approve Resolution Authorizing the Village Administrator to enter into an electric aggregation
agreement for Village owned facilities
BOARD ACTION REQUESTED
Approve Resolution Authorizing the Village Administrator to enter into an electric aggregation
agreement for Village owned facilities
ATTACHMENTS
Resolution for Village properties - Mar 24, 2025.pdf
Resolution No. � ^ 101 , 7,6�
A Resolution Authorizing the Village Administrator to Enter into an Electric Aggregation
Agreement
WHEREAS, the President and Board of Trustees desire to enter into agreement(s) with
certain suppliers of electricity allowing for a financial savings to the Village regarding the
Village's use of electricity for the facilities it owns and operates; and
WHEREAS, because of the timing required to receive the largest savings, the vendor
and actual cost of the electricity provided has not yet been established; and
BE IT RESOLVED by the Village President and Board of Trustees of the Village of
Lemont as follows:
SECTION ONE: The Village Administrator, in his discretion, is authorized to execute
one or multiple agreements with the same or different electricity suppliers, that have been
approved as to the form and content by the Village Attorney and establishes a financial savings for
the cost of electricity for Village owned and used facilities; and to take any other steps necessary
to carry out this Resolution.
SECTION TWO: The Village Administrator is authorized to contract at a fixed rate for a
36 month term with the lowest priced energy supplier or contract.
SECTION THREE: This Resolution shall be in full force and effect from and after its
passage and approval as provided by law.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DUPAGE,
ILLINOIS on this 24th day of March. 2025.
Janelle Kittridge
Dave Maher
Ken McClafferty
Kevin Shaughnessy
Rick Sniegowski
Ronald Stapleton
ATTEST:
PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS: ABSENT
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John Egofske
President
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CHARLENE M. SMO LEN
Village Clerk
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ABSTAIN