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Board hears Calpine presentation on buying electric commodity separate from delivery fees
Summary
A Calpine representative outlined options for purchasing electric commodity independent of PSEGLI transportation and delivery fees, including indexed pricing and contractual price locks as strategies to limit or stabilize costs; no formal action was taken.
The Farmingdale Board of Trustees heard a presentation from a Calpine representative on strategies for procuring electric commodity separate from PSEGLI transportation and delivery charges. The presenter described options including indexed commodity pricing and contractual price locks designed to reduce or guarantee commodity costs for the village.
Village staff noted the potential relevance of an energy-service‑company (ESCO) arrangement and continued discussions with Calpine in other agenda areas; the Water Department entry in the minutes also records a meeting with Calpine about potential ESCO electric supply and costs. The presentation was informational and no motion or formal decision was recorded.
Trustees and staff will continue to evaluate procurement strategies that could affect the village’s electric supply costs and budgeting.
