Louisville, Kentucky (Platts)--10Dec2012/546 pm EST/2246 GMT
A decision could come Tuesday by the Chicago City Council's finance committee on a proposed deal with Integrys Energy Services to supply power to nearly 1 million customers under the largest municipal aggregation in the US. Integrys' offer selected by Mayor Rahm Emanuel on Friday is for all non-coal power. Coal supplies about 40% of Chicago's needs. The agreement would triple the roughly 500,000 retail electric customers served by Integrys in the 15 states, including Illinois, where it operates. "This is a very big deal," said Integrys spokesman Brian Bowe. Article continues below... Request a free trial of: Electric Power Daily No other daily publication delivers so complete an account of North American power industry news as Electric Power Daily. For those who need solid grounding every day in this complex arena where so much is at stake, Electric Power Daily is a must read.
A decision could come Tuesday by the Chicago City Council's finance committee on a proposed deal with Integrys Energy Services to supply power to nearly 1 million customers under the largest municipal aggregation in the US. Integrys' offer selected by Mayor Rahm Emanuel on Friday is for all non-coal power. Coal supplies about 40% of Chicago's needs. The agreement would triple the roughly 500,000 retail electric customers served by Integrys in the 15 states, including Illinois, where it operates. "This is a very big deal," said Integrys spokesman Brian Bowe.
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No other daily publication delivers so complete an account of North American power industry news as Electric Power Daily. For those who need solid grounding every day in this complex arena where so much is at stake, Electric Power Daily is a must read.
The finance committee began reviewing the agreement Monday afternoon, but delayed a possible vote until Tuesday, according to a spokeswoman for veteran Chicago Alderman Edward Burke, who chairs the committee. The City Council is scheduled to take up the proposed contract on Wednesday. Integrys won a spirited competition for the business over more than a dozen other competitive electric suppliers by offering a lower price, according to city sources. Bowe said his company expects to save Chicago customers about 30% based on Commonwealth Edison's price of 8.319 cents/kWh. Chicago-based ComEd is a subsidiary of Exelon, the nation's largest nuclear generator. "We are working with various suppliers within PJM to source electricity from their non-coal" assets, he said. "Our contracts with them will be for the output from their non-coal generation." If the deal is finalized, Integrys expects to begin enrolling customers in February and March, with power to begin flowing in March. ComEd serves nearly 4 million customers in Chicago and northern Illinois.--Bob Matyi, newsdesk@platts.com --Edited by Robert DiNardo, robert_dinardo@platts.com
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