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Trustees approve 24‑month fixed electric contract with Constellation
Summary
Following a presentation of bid results by a county energy consultant, the board voted to renew a 24‑month fixed‑rate electricity contract with Constellation at 0.08117/kWh to avoid month‑to‑month volatility.
Michelle of M and R Energy Resources told trustees that the village's 33‑month fixed electric rate was expiring and presented the low bidders and price tradeoffs for 12, 24 and 35‑month terms. She said a 12‑month contract produced the lowest near‑term cost while the 35‑month option would increase annual cost about $3,000 compared with the village's current arrangement.
Trustee motioned to accept Constellation as supplier for a 24‑month fixed rate of 0.08117/kWh to maintain price stability; the board took a roll call and the motion carried. "If that's a motion to go with Constellation for a 24 month period at 0.08117, I'll second this," a trustee said before the vote. The board asked staff to finalize contract documents with the vendor and provide the signed copy to the village attorney and clerk.
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