20160608 PR-Eligo Energy LLC to match ComEd pricing in Electrical Aggregation AgreementFor Release: June 8, 2016
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Contact: Riccardo F. Ginex
Phone: (630) 368-5000
Fax: (630) 368-5045
1200 Oak Brook Road
Oak Brook, IL 60523 Village of Oak Brook
Press Release
Village of Oak Brook
Eligo Energy, LLC to Match ComEd Pricing for
Remainder of Electric Aggregation Agreement
Oak Brook, Illinois: June 8, 2016
Beginning on July 1, 2015, the Village entered into a 2-year agreement
(“Agreement”) with Eligo Energy, LLC (“Eligo”) to provide electricity to the Village of
Oak Brook. Our agreement provided that if the ComEd Price to Compare (“PTC”) fell
below the Agreement rate, Eligo would meet the ComEd PTC or return customers
back to ComEd. That has now happened. Recently, ComEd proposed PTCs of
6.195 cents/kWh for this June through September and 6.315 cents/kWh from
October through May 2017.
As these new rates fell below our contracted rate of 6.754 cents/kWh, we began
working in a cooperative manner with Eligo to establish a rate equal to the ComEd
pricing or return our residents back to ComEd.
Our joint work has resulted in Eligo agreeing to establish a rate equal to the ComEd
PTC for some of the Village customers and return other customers to ComEd.
Customers staying with Eligo will see the new price reflected on their July ComEd bill,
which covers the energy provided during the month of June. Customers returning to
ComEd will receive notification of their pending return via letters sent by ComEd.
Throughout the remaining term of the contract, Eligo will continue to adjust the
customers’ bills in accordance with the then current ComEd PTC or, in the
alternative, return customers to ComEd. Customers retain the right at any time to
return to ComEd, but they remain protected to receive competitive rates even if they
stay with Eligo.
The Village appreciates the cooperation we received from Eligo Energy, LLC in this
matter and looks forward to working with them for the remainder of the aggregation
term and in the future.
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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 Oak Brook Center shopping mall, other retail
and office properties along 22nd Street and Interstate 88. Oak Brook is the home of many
corporate offices, most notably, the world headquarters of McDonald’s Corporation, Ace
Hardware, Tree House Foods, Inland Real Estate 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 does not levy a property tax on residents or businesses. Visit www.oak-brook.org to
learn more.
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