illinois energy aggregation, llc, village of stickney
TRANSCRIPT
Illinois Energy Aggregation, LLC
Village of Stickney
2012
What is Aggregation?
Process that allows your residents and businesses to maximize their purchasing power by buying electricity at bulk rates.
History of Aggregation Twelve years ago the General Assembly
deregulated electricity which benefited industry and large commercial users.
Large Commercial Users have already saved One Billion Dollars!
Now the General Assembly has amended the law to allow residential and small commercial customers to benefit also.
Steps
Step 1: According to a recent article in the Illinois Municipal Review, the first step is to select an aggregator.
ILLINOIS ENERGY AGGREGATION LLC IS THE BEST CHOICE TO BE YOUR AGGREGATOR!
Step 2: IEA will take care of the rest of the work.
Here’s what IEA does for its clients…
Draft the ordinance providing the referendum question to be placed on the ballot.
How will the people know about the process?
IEA provides the village with Public Information explaining the benefits of electric aggregation.
The Public Decides
Public Votes “Yes” to save money on electric bills when they vote in November for the referendum question.
The Plan
With our clients, IEA develops a plan of operation and governance for aggregation with the Illinois Power Agency.
Who explains the plan?
IEA prepares and publishes the public notice and conducts two public hearings on the plan.
How do we know we’ll get qualified bids?
IEA prepares specifications and distributes an RFP to electric suppliers to get the most competitive and complete bids.
The Request for Proposal…
Can include options for:
A requirement for green energy Senior discounts or rebates One year, two year or three year prices A civic contribution
How will you be able to determine the best bid?
IEA reviews the bids from all the suppliers responding to the RFP and makes a written recommendation.
What happens after the review of the bids?
IEA negotiates with suppliers for the best price based on the requirements of the RFP.
After negotiations are complete what happens?
A contract is drafted and IEA, as the aggregator recommends approval of the contract.
What do we do after the new supplier is in place?
IEA will monitor the program on behalf of the village and report back to the village as necessary.
Aggregation is working in IllinoisBusinesses have already saved one BILLION dollars
Now municipalities are saving millions Chicago Ridge over $1.5 Million per year Evergreen Park over $2.3 Million per year
Stickney homeowners will each save $200 or more per year
We have secured some of the lowest rates anywhere: Evergreen Park 4.625 per kWh Chicago Ridge 4.6 per kWh
“The savings of almost 1.5 million dollars for our residents is outstanding”,
VILLAGE OF CHICAGO RIDGE SAVES RESIDENTS ABOUT 1.5 MILLION PER YEAR WITH ELECTRIC AGGREGATION CONTRACT
The Village of Chicago Ridge Board of Trustees saved its residents approximately $1.5 million dollars a year, by selecting an alternative electricity supplier for its electricity aggregation program last night. Of the eight qualified bids received, Verde Energy USA had the lowest 24-month, fixed rate of 4.6 cents per kilowatt-hour.
The Village Chicago Ridge previously selected Illinois Energy Aggregation, LLC (IEA) as its aggregation consultant in order to design and oversee the Village’s bid process. Energy aggregation allows the residents of municipalities and villages to collectively seek more competitive pricing on their energy bills. Illinois Energy Aggregation LLC was able to provide the Village with one of the lowest rates of the year at 4.600. Other towns in the area, which have entered into contracts in 2012, have received higher rates, using other aggregation consultants, including Hickory Hills (4.98), Justice (4.87) Palos Heights (4.8), Orland Park (4.823) and Palos Hills (4.74).
Mayor Eugene Siegel praised the work of IEA noting that the company had originally promised to save the village one million dollars. “The savings of almost 1.5 million dollars for our residents is outstanding”, said Siegel. According to numbers provided by IEA, the savings for Chicago Ridge residents between the Verde price and the Com Ed price is $1,488,000 based on historical usage data. IEA’s chief executive officer, Robert Streit credited village officials for “seeking competitive quotes and allowing IEA to negotiate the best rate on their behalf rather than contracting directly with one supplier”. IEA as the Village’s aggregator, held information meetings prior to the referendum, conducted public meetings to explain the village’s plan of operation to residents, drafted the request for proposal, solicited quotes, reviewed the quotes, negotiated the best price and presented its analysis to the village board. “We put a lot of work into the process because the process works best when there is a competitive free market”, stated Streit.
IEA’s chief executive officer, Robert Streit credited village officials for “seeking competitive quotes and allowing IEA to negotiate the best rate on their behalf rather than contracting directly with one supplier”. IEA as the Village’s aggregator, held information meetings prior to the referendum, conducted public meetings to explain the village’s plan of operation to residents, drafted the request for proposal, solicited quotes, reviewed the quotes, negotiated the best price and presented its analysis to the village board. “We put a lot of work into the process because the process works best when there is a competitive free market”, stated Streit.
Chicago Ridge Trustee Brad Grove, who initially proposed using IEA as the aggregator agreed that the aggregation process and the use of a professional aggregator delivered the best price for the village residents. “The board rejected the idea of hiring one of the suppliers without competitive bids and we saved the residents almost 1.5 million dollars”, said Grove. Prior to the March 2012 referendum approving aggregation, village officials were approached by a supplier that promised a fixed rate of 5.4 without the use of an aggregation consultant such as IEA. Grove said that hiring a supplier directly would have been a “terrible” mistake.
IEA and Verde Energy USA will immediately begin notifying residents of the opt-out provisions after receiving the customer list from Com Ed. “If everything goes well, our residents will begin seeing their savings in October or November”, said Siegel.
IEA is a licensed energy and natural gas consultant with its offices in Oak Lawn, Illinois. Siegel noted that the company’s close proximity made it very easy to work with the IEA also is working with the Village of Evergreen Park, Hazel Crest, McCook, Burbank, the Township of Stickney, Worth Township and Orland Township. IEA in addition to securing prices for various towns is working with some townships and municipalities on the November 2012 referendum seeking approval for aggregation programs in those towns.
Siegel said that he would recommend that any village or township thinking about this process would be well advised to speak with IEA. “They did a great job for us”, said Siegel.
IEA is owned and operated by Robert J. Streit and Dennis Brennan. Streit is a six term Village. Streit and Brennan’s collective years of governmental experience allow IEA to work closely with municipalities and townships to secure the best prices for energy. Trustee in Oak Lawn. Brennan, who also serves as General Counsel for the company, has served as a Village Trustee in Merrionette Park, as President of the Hinsdale Township District 86 Board of Education and as a DuPage County Health Board Member. Streit and Brennan’s collective years of governmental experience allow IEA to work closely with municipalities and townships to secure the best prices for energy.
Illinois Energy Aggregation LLC was able to provide the Village with one of the lowest rates of the year at .4625.
VILLAGE OF EVERGREEN PARK REAPS HUGE SAVINGS WITH ELECTRIC AGGREGATION CONTRACT
The Village of Evergreen Park Board of Trustees, in a move to save its residents approximately $2.3 million dollars a year, selected the alternative electricity supplier Verde Energy USA for its electricity aggregation on Monday night. Out of approximately one dozen energy bids submitted, Verde Energy USA had the lowest 24-month, fixed rate of 4.625 cents per kilowatt-hour and no enrollment or cancellation fees.
The Village of Evergreen Park chose Illinois Energy Aggregation, LLC (IEA) as its aggregation consultant in order to design and oversee the Village’s bid process. Energy aggregation allows the residents of municipalities and villages to collectively seek more competitive pricing on their energy bills. Illinois Energy Aggregation LLC was able to provide the Village with one of the lowest rates of the year at .4625. Other towns in the area, which have entered into contracts in 2012, have received higher rates (cents/kwh), including Hickory Hills (4.98), Justice (4.87) Palos Heights (4.8), Orland Park (4.823) and Palos Hills (4.74).
IEA Principal Dennis Brennan stated, “I would like to credit Mayor Sexton and the Board of Trustees for their commitment and dedication to secure an excellent low rate on behalf of the residents of Evergreen Park.” Brennan noted that Mayor Sexton and the Trustees were committed to the aggregation process rather than selecting a supplier without using a consultant. “We were able to save the residents millions and our fee is very minimal and is paid by the supplier”, said Brennan. Villages that fail to use consultants like IEA generally pay a higher rate than towns that use an aggregator.
IEA is a licensed energy and natural gas consultant with offices in Oak Lawn, IL and Chicago, IL. IEA also represents the Village of Chicago Ridge, Hazel Crest, McCook, Burbank, the Township of Stickney and Orland Township. IEA in addition to securing prices for various towns is working with some townships and municipalities on the November 2012 referendum seeking approval for aggregation programs in those towns.
IEA is owned and operated by Robert J. Streit and Dennis Brennan. Streit is a six term Village Trustee in Oak Lawn. Brennan, who also serves as General Counsel for the company, has served as a Village Trustee in Merrionette Park, as President of the Hinsdale Township District 86 Board of Education and as a DuPage County Health Board Member. Streit and Brennan’s collective years of governmental experience allow IEA to work closely with municipalities and townships to secure the best prices for energy.###If you would like more information about this topic or Illinois Energy Aggregation, LLC please call (630) 230-6434.
How will your constituents feel about IEA and saving MONEY???
Who do I call if my power goes out?
Com Ed will continue to be responsible for the transmission of power.
Will I get more than one bill?No. Residents will continue to receive their bill from Com Ed. The only change will be lower rates.The new supplier will be listed on the bill as a line item.
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Why use an aggregator like IEA?
The principals of IEA have governmental experience, business experience, legal experience and a record of reducing electric costs for municipal and business clients.
IEA is not an agent of any of the Alternative Electric Suppliers and does not have any conflicts, working as your aggregator.
IEA doesn’t charge the Village ANYTHING AT ALL!!! Your residents are given the choice and anyone can opt
out of the plan.
We know what you do, because we are elected officials too.
We understand your concerns and work hard to meet your needs.
Our combined experience brings a team to you that is well versed in all areas necessary to make a smooth transition from high priced electric service to a more economical alternative.
Robert Streit
Bob has been a business owner in Oak Lawn for the past 30 years.
He is a Village Trustee with over 20 years of experience in local government.
He continues to chair the Public Works Committee as he has done for the last 12 years.
Bob’s extensive experience chairing public meetings and active participation in the electoral process serves him well in assisting communities in lowering the electricity costs for their residents.
Dennis Brennan Dennis has been an elected official in
various capacities for the last 20 years in the local and state arena.
He is a licensed attorney in the private, public and governmental sectors with over 25 years of experience.
Dennis has experience directly working as a local elected official and understands the needs of local communities.
We’re the local guys.
We’re your neighbors.
IEA represents a number of our neighboring communities.
Burbank Stickney Township
Hazelcrest Evergreen Park
McCook Chicago Ridge
We’d like to add The “Caring” Village of Stickney
to our list of satisfied customers
Illinois Energy Aggregation, LLCwww.IllinoisEnergyAggregation.com
CONTACT US
9713 Southwest HighwayOak Lawn, IL 60453
630-230-6434
If you wish to e-mail us to request more information, Call us or please e-mail :