Resolution 2024-26 Resolution No. 2024-26
A RESOLUTION OF THE UNITED CITY OF YORKVILLE, KENDALL
COUNTY, ILLINOIS, AUTHORIZING PARTICIPATION IN PROGRESSIVE
ENERGY GROUP (PEG) AND AUTHORIZING THE FINANCE DIRECTOR TO
APPROVE A CONTRACT WITH THE LOWEST COST ELECTRICITY
PROVIDER BY RATE CLASSIFICATION FOR A PERIOD UP TO 48
MONTHS
WHEREAS the United City of Yorkville, Kendall County, Illinois ("the
City") is a duly organized and validly existing non home-rule municipality and political
subdivision of the State of Illinois created in accordance with the Constitution of the State of
Illinois of 1970 and the laws of the State; and
WHEREAS, on January 2, 2007, the State of Illinois implemented a plan
to deregulate Commonwealth Edison; and
WHEREAS, as a result of this deregulation, electricity may be purchased based
on market price and Commonwealth Edison will no longer be the sole supplier of electricity
in Northern Illinois, resulting in new electricity suppliers being able to compete against
Commonwealth Edison, and create competitive market forces dictating the price of electricity;
and
WHEREAS, the City has selected Progressive Energy Group (PEG) to serve as
the City's non-exclusive broker relative to the acquisition of electrical energy for City facilities,
due to PEG's municipal experience in Illinois and being a licensed broker with the Illinois
Commerce Commission(ICC); and
WHEREAS,there is no cost to the City of Yorkville if the City chooses the PEG
electricity supplier, being built into the prices of the electricity bid, so there will be no direct
payment made to PEG by the City; and
WHEREAS the City has been working with PEG on Natural Gas procurement
since 2011, and the City has enjoyed a good working relationship with PEG; and
WHEREAS,Commonwealth Edison no longer offer a fixed energy rate for large
or medium sized commercial accounts and would instead charge based on a floating hourly rate
and the City desires to enter the market to secure a fixed rate,up to 48 months in term.
Resolution No.2024-26
Page 1
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL
OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS
FOLLOWS:
Section 1. That the Progressive Energy Group (PEG) is hereby appointed the
City's non-exclusive broker for purposes of obtaining an electricity
supply for the City's municipal needs.
Section 2. That the Finance Director is authorized to negotiate energy rates
directly with suppliers in an effort to secure lower energy costs.
Section 3. That in light of the time constraints and procedures required,
applicable to the acceptance of a competitive bid for a supply of
electricity, once the bids are received by PEG, the Finance Director
is hereby authorized to sign the contract with the most optimal bidder and
report the results to the City Council after the contract is executed.
Section 4. That the Finance Director is authorized as the City's authorized
representative in matters concerning the bid.
Section 5: The Resolution shall be in full force and effect from and after its
passage, approval, and publication, as provided by law.
[Remainder of page intentionally left blank—Roll Call Vote to follow]
Resolution No.2024-26
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
14th day of May, A.D. 2024.
CIT CLERK
KEN KOCH AYE DAN TRANSIER AYE
ARDEN JOE PLOCHER AYE CRAIG SOLING AYE
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS AYE RUSTY CORNEILS AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this I1 day of , A.D. 2024.
MAYOR
Attest:
I
I
Y CLERK
Resolution No.2024-26
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