Minutes - 06/13/2017 - Electric Aggregation & Issues Committee2.
MINUTES OF THE JUNE 13,2017 MEETING OF THE VILLAGE
OF OAK BROOK ELECTRIC AGGREGATION AND ISSUES
COⅣIヽ 41TTEE APPROVED AS WRITTEN ON JULY 27,2021
1.CALL TO ORDER
The Meeting of the Village of Oak Brook Electric Aggregation and Issues Committee was
held in the Upper Level Conference Room of the Butler Government Center on June 13,
2017. Trustee Manzo called the meeting to order at 6:13 p.m.
ROLL CALL
PRESENT: Trustees Michael Manzo, Moin Saiyed, Steve Young and Tom Cygan.
ABSENT: Trustee Asif Yusuf, Terry O'Malley and Mario Vescovi.
IN ATTENDANCE: Trustee John Baar, Clerk Charlotte Pruss, Manager Rick Ginex,
Rania Serences, and Mark Pruitt.
APPROVAL OF THE MAY 18,2017 MINUTES
Motion by Trustee Saiyed, seconded by Tom Cygan to approve the minutes of the May
78,2077 Electric Aggregation and Issues Committee. VOICE VOTE: Motion carried.
REVIEW BIDS FOR THE 2017 ELECTRIC AGGREGATION PROGRAM
Mark Pruitt discussed the bid process that was conducted for the 2017 Electric
Aggregation Program and explained the pricing received from the three bidders, Eligo,
Constellation, and Dynegy. All bidders submitted pricing for various terms from 1 to 4
years with Dynegy submitting the best rate of $0.06675 per kWh through October 2018.
The ComEd price to compare through July 2019 is $0.07151. Mark Pruitt stated that he
was contacted by two other companies who decided to not submit bids due to the
Village's contract requirement that if the ComEd rate feel below their proposed rate, they
must return all customers to ComEd.
Discussion ensued regarding the pricing received from the three bidders and the
consensus is to make a recommendation to the Board to approve a contract with Dynegy
for 50.06675 per kWh through October 2018.
5. OTHER BUSINESS - None
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ELECTRIC AGGREGAT10N AND ISSUES MNUTES Page I of 2 MEETING OF JUNE 13,201"1
6. ADJOURNMENT
Ⅳ[otion by Steve Young,scconded by Trustcc Saiyed to attoulm the meeting of the
Elect五 c Aggregation and lssucs Cornmittec at 6:46p.m.VOICE VOTE:Ⅳlotion carned.
ATTEST:
Charlotte K. Pruss
Village Clerk
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ELECTRIC AGGREGAT10N AND ISSUES MNUTES Page2 of 2 MEETING OF JLNE 13,2017
/s/ Charlotte K. Pruss