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HomeMy WebLinkAboutOrd 6131 03/18/2014 Authorizing Renewal of Aggregation Program for Electrical LoadORDINANCE NO. 6131 ORDINANCE AUTHORIZING RENEWAL OF AGGREGATION PROGRAM FOR ELECTRICAL LOAD WHEREAS, Under Section 1 -92 of the Illinois Power Agency Act, 20 ILCS 3855/1 -1, et seq., (the "Act ") a municipality may operate an electric aggregation program as an opt -out program for residential and small commercial retail customers, if a referendum is passed by a majority vote of the residents pursuant to the requirements under the Act; and WHEREAS, the Village of Mount Prospect, Illinois ( "Village ") submitted the question to referendum on the March 20, 2012 election and a majority of the electors voting on the question voted in the affirmative (approved and adopted by Ordinance NO. 6010, May 15, 2012) ; and WHEREAS, the Village subsequently implemented its initial opt -out aggregation program in 2012 with the term of the supplier agreement to end based on scheduled final meter read dates in August 2014; and WHEREAS over 17,000 residences and small businesses were originally enrolled in the program, and the aggregate savings for the first 15 months of the program have totaled $250 /household and $4,050,000 throughout the entire community; and WHEREAS, the Corporate Authorities hereby find that it is in the best interest of the Village to continue to operate the aggregation program under the Act as an opt -out program and to enter into an additional contract with a supplier pursuant to the terms of the Act. However, the final decision will be based upon market pricing and the Village retains the option of suspending the program and returning all participants back to Commonwealth Edison. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND VILLAGE BOARD OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION ONE That the Preamble of this Ordinance is declared to be true and correct and is incorporated by reference herein. SECTION TWO A. Pursuant to Section 1 -92 of the Illinois Power Agency Act, 20 ILCS 3855/1 -1, et seq., (the "Act') the Corporate Authorities of the Village are hereby authorized to aggregate, in accordance with the terms of the Act, residential and small commercial retail electrical loads located within the corporate limits of the Village, and for that purpose may solicit bids and enter into service agreements to facilitate for those loads the sale and purchase of electricity and related services and equipment. B. The Aggregation Program for the Village shall continue to operate as an opt -out program for residential and small commercial retail customers. C. As an opt -out program, the Corporate Authorities of the Village shall fully inform residential and small commercial retail customers in advance that they have the right to opt -out of the Aggregation Program before the resident or commercial Page 2 of 2 Electrical Aggregation account is renewed. The disclosure and information provided to the customers shall comply with the requirements of the Act. D. The Corporate Authorities hereby grant the Village Manager, or his /her designee the specific authority to execute a contract without further action by the Corporate Authorities and with the authority to bind the Village. E. The Village will again engage Northern Illinois Municipal Electric Collaborative ( NIMEC), who managed the initial aggregation. NIMEC will solicit bids from multiple suppliers and consult with the Village in our decision to select the supplier that best meets our needs. NIMEC will also assist with the conversion process, and provide assistance to residents with questions. SECTION THREE This Ordinance shall be in full force and effect after its passage, approval and publication as provided by law. AYES: Hoefert, Korn, Matuszak, Polit, Rogers, Zadel NAYS: None ABSENT: None PASSED and APPROVED this 18 day of March, 2014. Arlene A. Juracek Mayor ATTEST: M. Lisa Angell Village Clerk