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District approves 36-month electricity supplier agreement
Summary
The board approved a 36-month electricity supplier agreement, authorizing staff to lock in the lowest quoting supplier based on the following day's rates. The procurement was approved after Chief Operations Officer Anthony Cozzi noted market volatility.
The River Forest SD 90 board approved a 36-month electricity supplier agreement after Chief Operations Officer Anthony Cozzi presented pricing options and recommended selecting the lowest quoting supplier based on next-day rates.
Co presented multiple proposals and cautioned that pricing could change due to market fluctuations over the following 24 hours; he recommended locking in a 36-month contract with the lowest quoting supplier as of the next day. Dr. Nicole Thompson moved the motion and Mr. Joseph Cortese seconded it; the roll-call vote recorded ayes from Ms. Williams, Mr. Cortese, Dr. Thompson and Dr. Isenberg and the motion carried.
The minutes record the procurement decision and the market caveat; the board gave staff authority to proceed under those parameters.
