Illinois Energy Aggregation, LLC, Village of Stickney
Illinois EnergyAggregation, 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 theprocess? 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 getqualified 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 thebest bid? IEA reviews the bids from all the suppliers responding to the RFP and makes a written recommendation.
What happens after the review of thebids? IEA negotiates with suppliers for the best price based on the requirements of the RFP.
After negotiations are complete whathappens? A contract is drafted and IEA, as the aggregator recommends approval of the contract.
What do we do after the new supplieris 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 dollarsNow municipalities are saving millions Chicago Ridge over $1.5 Million per year Evergreen Park over $2.3 Million per yearStickney homeowners will each save $200 or moreper yearWe 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”, 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 VILLAGE OF CHICAGO RIDGE SAVES RESIDENTS a lot of work into the process because the process works best when there is a competitive ABOUT 1.5 MILLION PER YEAR WITH ELECTRIC free market”, stated Streit. Chicago Ridge Trustee Brad Grove, who initially proposed using IEA AGGREGATION CONTRACT as the aggregator agreed that the aggregation process and the use of a professional The Village of Chicago Ridge Board of Trustees saved its residents aggregator delivered the best price for the village residents. “The board rejected the idea approximately $1.5 million dollars a year, by selecting an alternative electricity of hiring one of the suppliers without competitive bids and we saved the residents almost supplier for its electricity aggregation program last night. Of the eight qualified 1.5 million dollars”, said Grove. Prior to the March 2012 referendum approving bids received, Verde Energy USA had the lowest 24-month, fixed rate of 4.6 aggregation, village officials were approached by a supplier that promised a fixed rate of cents per kilowatt-hour. 5.4 without the use of an aggregation consultant such as IEA. Grove said that hiring a The Village Chicago Ridge previously selected Illinois Energy supplier directly would have been a “terrible” mistake. Aggregation, LLC (IEA) as its aggregation consultant in order to design and IEA and Verde Energy USA will immediately begin notifying residents oversee the Village’s bid process. Energy aggregation allows the residents of of the opt-out provisions after receiving the customer list from Com Ed. “If everything municipalities and villages to collectively seek more competitive pricing on their goes well, our residents will begin seeing their savings in October or November”, said energy bills. Illinois Energy Aggregation LLC was able to provide the Village Siegel. with one of the lowest rates of the year at 4.600. Other towns in the area, which IEA is a licensed energy and natural gas consultant with its offices in have entered into contracts in 2012, have received higher rates, using other Oak Lawn, Illinois. Siegel noted that the company’s close proximity made it very easy to aggregation consultants, including Hickory Hills (4.98), Justice (4.87) Palos work with the IEA also is working with the Village of Evergreen Park, Hazel Crest, Heights (4.8), Orland Park (4.823) and Palos Hills (4.74). 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 Mayor Eugene Siegel praised the work of IEA noting that the municipalities on the November 2012 referendum seeking approval for aggregation company had originally promised to save the village one million dollars. “The programs in those towns. savings of almost 1.5 million dollars for our residents is outstanding”, said Siegel. Siegel said that he would recommend that any village or township According to numbers provided by IEA, the savings for Chicago Ridge residents thinking about this process would be well advised to speak with IEA. “They did a great job between the Verde price and the Com Ed price is $1,488,000 based on historical for us”, said Siegel. usage data. IEA’s chief executive officer, Robert Streit credited village officials IEA is owned and operated by Robert J. Streit and Dennis Brennan. for “seeking competitive quotes and allowing IEA to negotiate the best rate on Streit is a six term Village. Streit and Brennan’s collective years of governmental their behalf rather than contracting directly with one supplier”. IEA as the experience allow IEA to work closely with municipalities and townships to secure the best Village’s aggregator, held information meetings prior to the referendum, prices for energy. Trustee in Oak Lawn. Brennan, who also serves as General Counsel conducted public meetings to explain the village’s plan of operation to residents, for the company, has served as a Village Trustee in Merrionette Park, as President of the drafted the request for proposal, solicited quotes, reviewed the quotes, Hinsdale Township District 86 Board of Education and as a DuPage County Health Board negotiated the best price and presented its analysis to the village board. “We Member. Streit and Brennan’s collective years of governmental experience allow IEA to put a lot of work into the process because the process works best when there is work closely with municipalities and townships to secure the best prices for energy. a competitive free market”, stated Streit.
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 SAVINGSWITH ELECTRIC AGGREGATION CONTRACT The Village of Evergreen Park Board of Trustees, IEA is a licensed energy and natural gas consultant within a move to save its residents approximately $2.3 million dollars a offices in Oak Lawn, IL and Chicago, IL. IEA also representsyear, selected the alternative electricity supplier Verde Energy USA the Village of Chicago Ridge, Hazel Crest, McCook,for its electricity aggregation on Monday night. Out of Burbank, the Township of Stickney and Orland Township.approximately one dozen energy bids submitted, Verde Energy IEA in addition to securing prices for various towns isUSA had the lowest 24-month, fixed rate of 4.625 cents per working with some townships and municipalities on thekilowatt-hour and no enrollment or cancellation fees. November 2012 referendum seeking approval for The Village of Evergreen Park chose Illinois Energy aggregation programs in those towns.Aggregation, LLC (IEA) as its aggregation consultant in order to IEA is owned and operated by Robert J. Streitdesign and oversee the Village’s bid process. Energy aggregation and Dennis Brennan. Streit is a six term Village Trustee inallows the residents of municipalities and villages to collectively Oak Lawn. Brennan, who also serves as General Counselseek more competitive pricing on their energy bills. Illinois Energy for the company, has served as a Village Trustee inAggregation LLC was able to provide the Village with one of the Merrionette Park, as President of the Hinsdale Townshiplowest rates of the year at .4625. Other towns in the area, which District 86 Board of Education and as a DuPage Countyhave entered into contracts in 2012, have received higher rates Health Board Member. Streit and Brennan’s collective years(cents/kwh), including Hickory Hills (4.98), Justice (4.87) Palos of governmental experience allow IEA to work closely withHeights (4.8), Orland Park (4.823) and Palos Hills (4.74). municipalities and townships to secure the best prices for IEA Principal Dennis Brennan stated, “I would like to energy.credit Mayor Sexton and the Board of Trustees for their ###commitment and dedication to secure an excellent low rate on If you would like more information about this topic or Illinoisbehalf of the residents of Evergreen Park.” Brennan noted that Energy Aggregation, LLC please call (630) 230-6434.Mayor Sexton and the Trustees were committed to the aggregationprocess rather than selecting a supplier without using a consultant. “We were able to save the residents millions and our fee is veryminimal and is paid by the supplier”, said Brennan. Villages thatfail to use consultants like IEA generally pay a higher rate thantowns that use an aggregator.
How will your constituents feel aboutIEA 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.
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 TownshipHazelcrest Evergreen ParkMcCook 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 Highway Oak Lawn, IL 60453 630-230-6434If you wish to e-mail us to request more information, Call us or please e-mail : info@IllinoisEnergyAggregation.com