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
Latest News Stories
New Lenox Firefighters Extinguish Garage Fire, Rescue Pets on Somerset Court
Will County Explores Multi-Million Dollar Downtown Joliet Consolidation and City Partnership
Will County Partners with LNS Development for Laraway Road Drainage Improvements in New Lenox
Will County Hires LEAP HR Consulting for $12,000 Strategic Plan
Will County Finalizes 2025 Tax Levy at $159.5 Million, Limiting Rate Drops
Will County to Take Jurisdiction of Countyline Road Following $1.8 Million Agreement with Kankakee County
Will County Expands Narcan Distribution Amid Shifts in Opioid Overdose Demographics
Additional Skeletal Remains Discovered at Mokena Property
Beecher Man Charged with 10 Felony Counts for Possession of Child Sex Abuse Material
Will County Legislative Committee Unanimously Backs Resolution Demanding Return of Local Solar Siting Control
Joseph Perry House Granted Historic Landmark Status
Green Garden Township’s Wildflower Farm Granted Third Extension for Rural Events Permit
