Council discusses extending natural gas aggregation program and supply agreement with IGS

At the Nov. 17 meeting, Council discussed Ordinance 84-2025, which would authorize continuation of a governmental natural gas aggregation program with opt-out provisions under Ohio Revised Code §4929.26 and extend the Village’s supply agreement with Interstate Gas Supply, LLC (IGS Energy) beyond March 31, 2026.

Mayor Dunphy explained the practical mechanics: the broker will monitor NYMEX-based pricing over a roughly 30-day window and lock a rate when it appears favorable. Council members noted the NYMEX reference price of $4.12 in the materials and discussed the contract’s $0.75 retail adder, which is fixed in the draft agreement. The mayor said a four-year term is being considered because it can protect the Village if prices rise while still allowing residents to opt out if they find lower rates on their own.

Planning, Zoning & Insurance Chair Phil Kaplan asked about the final retail price, and Mayor Dunphy reiterated the final price cannot be given until the market window produces a locked rate. Council discussed the opt-out mechanics under statute and had no further questions at the conclusion of the explanation. The minutes do not record any motion to adopt Ordinance 84-2025 at this meeting; the item remained under consideration.

Because the agreement ties the Village’s program to NYMEX pricing and a fixed retail adder, any future adoption would directly affect resident gas pricing under the aggregation model; residents would retain the right to opt out and seek individual contracts if they prefer different pricing.