New Electricity Contract to Save Lincoln-Way Over $500,000 Next Year
Lincoln-Way High School District 210 is poised for significant energy cost savings after the Board of Education unanimously approved a new 54-month electric commodity contract with Direct Energy.
The agreement, approved at the April 17 board meeting, is projected to save the district more than $500,000 in the next fiscal year alone.
“Approximately $310,000 of that will be a recurring reduction in future years,” Assistant Superintendent of Business Michael Duback told the board.
The district partnered with commodities broker Mike Perry to conduct a request for proposals (RFP) to secure the most favorable electricity rates. Duback explained that pursuing the agreement now allows the district to lock in rates and capitalize on favorable market conditions, leading to substantial budget relief.
The new contract with Direct Energy will begin in December 2025 and run for a term of 54 months. The approval will allow the administration to finalize the contract, ensuring the cost-saving measures are in place for the coming years. The motion to approve the contract was made by Richard C. LaCien Jr. and seconded by Dana Bergthold.
Showers And Thunderstorms Likely
Latest News Stories
Ballots processed slowly as Californians await 36-day count
WATCH: WA mayor stands by pro-ICE, anti-Antifa proclamations
U.S. House narrowly passes bill to fund USDA, FDA in 2027
Military advocates concerned about active-duty voters
Ruling: Illinois Supreme Court likely overstepped in ousting of Cook County judge
Illinois passes law to restrict new federal migrant detention centers
Alcohol tax amendments may be unconstitutional
Illinois quick hits: Lawsuit filed over drunk driving deal involving noncitizen
Michigan township denies solar expansion after months of controversy
Illinois to regulate intoxicating hemp products, loosen up on cannabis
Nevada gubernatorial candidates clash over Trump’s policies
Feds cut funding for Hawaii Medicaid fraud unit
