AGENDA MEMO

City Council

April 16, 2012

Issue Statement

A resolution authorizing the City Administrator or Assistant City Administrator to accept a proposal from the winning electric supplier to serve the City of Darien under the ordinance and Plan of Governance passed by the City Council on April 2, 2012.

RESOLUTION

Background/History

On March 20, 2012 Darien residents passed a referendum authorizing the City of Darien to operate an “opt out” electrical aggregation program under the Illinois Power Agency Act. On March 26, 2012 and April 2, 2012 the City of Darien held public hearings on the Plan of Operation and Governance, which was adopted through ordinance at the April 2, 2012 City Council meeting. This ordinance authorizes the electric aggregation program in accordance with the Plan of Operation and Governance. During the week of April 9, 2012 electric suppliers were sent a supply agreement and required to submit proposals by April 16, 2012. Due to the nature of electric as a commodity, the proposals are only good for one day and expire on April 17, 2012. Pricing from the proposals will be provided to the City Council at the meeting, with options for one, two or three years, as well as adding green energy above and beyond the requirement already in place. The resolution authorizes the City Administrator or Assistant City Administrator to execute an agreement with the lowest cost provider under the terms set forth by the City Council.

Staff/Committee Recommendation

Staff recommends approval.

Alternate Consideration

Not approving this resolution, and conducting another bid in the future would be an alternate consideration.