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Council ratifies renewal of energy-aggregation master supply agreement with MC Squared
Summary
Council approved renewal of an extended-term master power supply agreement with MC Squared Energy Services LLC; the program locks a rate for participating residents and provides a community benefit payment to the city.
The Kankakee City Council on Monday approved a renewal of an extended-term master power supply agreement with MC Squared Energy Services LLC, a supplier the city has used in prior aggregation programs.
City manager summarized the purpose: the municipal aggregation secures a locked electricity rate for enrolled residents and provides a community-benefit payment to the city. Staff said the program ties the municipal offer to ComEd pricing and that residents may opt out and shop separately if they wish. The manager noted that the community benefit paid under the agreement rose from $12,000 in the previous period to $30,000 for the new term.
Council approved the resolution by roll call (12 ayes, 0 nays). Staff said the agreement had to be ratified promptly because supplier timelines did not align with council meeting schedules.
Ending: Staff said the agreement will continue to be administered by city staff and the supplier; residents will receive notice about the program and their opt-out rights.
