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.
Chance Showers And Thunderstorms
Latest News Stories
White House calls for DHS funding after correspondents incident
Report: $186 billion in federal payment errors likely an undercount
Convenience store advocate: Swipe fee ruling is ‘one step’ in the process
Report: Sharp ideological divide in Minnesota congressional delegation
White House correspondents’ dinner shooter faces formal charges
Deferred maintenance blamed in I-64 bridge hole
Supreme Court strikes down Texas redistricting lawsuit, upholds new maps
Supreme Court to hear migrant farm worker case
Illinois quick hits: Convicted felon suspected of shooting two officers; Chicago Mayor orders up to $900,000 for additional peacekeepers; Belleville man faces attempted murder charge
Lincoln-Way D210 Approves $483,000 Agreement with Illinois Bone and Joint Institute, Adds Seventh Athletic Trainer
Manhattan Fire Board Reviews Financials, Navigates ‘No Tax on Overtime’ Law
Pitching Duo Dominates as Lincoln-Way West Baseball Edges Oak Forest 4-2
