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.
Latest News Stories
Green Garden Township Buried Under 12.5 Inches of Snow; Sub-Zero Cold Snap Approaching Friday
Watchdog: Donations to liberal causes will continue despite Arabella’s rebrand
All Peotone Schools Earn ‘Commendable’ Rating on State Report Card
Frankfort Turns to County for Wildlife & Dangerous Animal Control
Illinois rejects federal ‘no tax on tips’ rule, keeps state tax on tipped income
JJC Foundation Director Kristin Mulvey to Retire After 25 Years of Transformative Leadership
Attack foiled in Ft. Worth day before National Guard troops shot in WDC
Hundreds of flights canceled in Chicago as winter storm wreaks havoc
Lincoln-Way 210 Switches to Under Armour for Athletic Apparel
Fiscal Fallout: States continue to increase budgets despite end of COVID emergency
Crete “Group Care” Home Approved for Senior Living
WATCH: IL legislator wants more transparency for taxpayer funded credit cards
