Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 15-259    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 4/20/2015 Final action: 4/20/2015
Title: A Resolution Authorizing Execution of an Amendment to the Power Supply Agreement with Constellation NewEnergy, Inc., for the Oak Park Community Choice Aggregation Program Period of June 2015 through August 2015.
Attachments: 1. Power Supply Agreement Resolution, 2. Amendment to CCA Power Supply Agreement, 3. Existing CCA Power Supply Agreement, 4. Exhibit C-Amended Power Supply Agreement
Submitted By
Rob Cole, Assistant Village Manager

Reviewed By
CLP.

Agenda Item Title
Title
A Resolution Authorizing Execution of an Amendment to the Power Supply Agreement with Constellation NewEnergy, Inc., for the Oak Park Community Choice Aggregation Program Period of June 2015 through August 2015.

End
Overview
Overview
The Amended Agreement extends Constellation NewEnergy, Inc., power supply and related services to the Oak Park Community Choice Aggregation program through the August 2015 meter reads and authorizes new negotiated rates covering the extended period.

Body
Staff Recommendation
Approve the resolution.

Fiscal Impact
Apart from staff time, there is no fiscal impact.

Background
The original Oak Park Community Choice Aggregation program supply contract with Integrys Energy Services, Inc., (Integrys) was for a two-year period, January 2012 through December 2013. Due to favorable terms, the Integrys contract was later extended through the May 2014 meter reads. As the Integrys Agreement neared its conclusion, rates in the marketplace had sharply increased and the Village elected to initiate a competitive process for the next contract period. A reverse auction was conducted in April 2014 and Constellation NewEnergy was the lowest bidder; they were awarded a supply agreement through the June 2015 meter reads. In order to move the renewal cycle beyond the ComEd rate announcement, which typically occurs in May or June, as well as to provide for an improved bid solicitation process, the Village's municipal aggregation consultant, Illinois Community Choice Aggregation Network (ICCAN), recommends that the renewal cycle be shifted by two months. Consequently, a two month extension has been negotiated with Constellation NewEnergy.

Alternatives
An alternative to approving the contract would be to dissolve the aggregation, with all members returned to the utility default rate. However, the Village's commitment to maintain a c...

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