20111007 PR - Bid from Integrys Energy Services accepted to provide electrcity to OB.l:ontact: David Niemeyer 1200 Oak Brook Road
Phone: (630) 368-5000 Oak Brook, IL 60523
Fax: (630) 368-5045
Villages Achieve 30% Reduction on Electricity Rates
Oak Brook, Illinois (October 7,Thursday, October 6s1 the Villages of
Grayslake, Lincolnwood, and Oak Brook accepted a bid from Integrys Energy Services, Inc.
to provide electricity supply for the municipalities' electric aggregation programs. The three
communities locked -in electricity rates of 5.52 cents/kWh for residential customers and 5.45
cents/kWh for small business customers.
Integrys' rates represent a 30% savings for residential customers and a 32% savings for small
business customers on ComEd's current rates for electricity supply. The rates are anticipated
to take effect in January 2012. The combined savings to residential and small business
customers within the three communities is projected to exceed $6,000,000.
"I am proud that Oak Brook is one of the first communities to take advantage of the electrical
aggregation program that will save our residents and business community significant money
over the next two years", said Village President Gopal Lalmalani. "I want to thank the
Village Committee that worked hard on this issue including, Homeowner Association
President's Baker Ninny, Harry Peters, Terry O'Malley and Trustees Jerry Wolin and Mark
Moy."
The three communities conducted the first truly aggregate bid for electricity supply, entering
into an intergovernmental agreement to jointly solicit bids from alternative retail electric
suppliers on behalf of over 16,000 eligible residential and small business customers using
approximately 3 1 0,000,OOOkWh of electricity annually. The bid was conducted without the
assistance of an energy broker or consultant, saving the communities' customers an estimated
$150,000.
Eligible residents and businesses will be sent a letter allowing them to "opt -out" of the
contract with Integrys. More information on the timetable and eligibility will be sent out at a
later date.
About the Village of Oak Brook:
Founded in 1958, the Village of Oak Brook is located 15 miles west of downtown Chicago
and is in proximity to the junction of Interstates 88, 294, and 290. The Village consists
mostly of residential subdivisions, with the exception of the Oakbrook Center shopping mall,
other retail and office properties along 22nd Street and Interstate 88. Oak Brook is the home
For Release October 7, 2011
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of many corporate offices, most notably, the world headquarters of McDonald's Corporation
and the service club organization Lions Clubs International, Oak Brook is also known for
being one of the few municipalities in the Chicago area that do not levy a property tax on
residents or businesses.
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