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Freeport council moves to seek alternatives after Nordic says it cannot honor signed electricity price
Summary
Council voted to put a resolution on the next meeting agenda asking to be released from Nordic’s replacement offer after Nordic notified the city it could not adhere to the contract price because capacity auction results sharply increased costs.
The Freeport City Council voted to send a resolution to its next regularly scheduled meeting asking the city attorney and staff to pursue release from a replacement offer from Nordic Energy and to evaluate alternative electricity suppliers.
Mike Mudge of Rock River Energy told the council that Nordic, the city’s contracted supplier, and three other governmental customers were notified after a capacity auction that the auction results caused a substantial increase in capacity costs and that Nordic could not adhere to the previously signed three‑year price. “They…
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