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
Meeting Briefs: Library Board of Trustees for June 24, 2025
Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025
Mokena Enacts Local Grocery Tax to Avert $850,000 Revenue Loss
Mokena Dissolves Two Committees to Streamline Development Process
Mokena Police to Get New Axon In-Car Cameras in $176K Deal
Mokena Targets Invasive Callery Pear Trees for Removal
Meeting Briefs: Mokena Village Board for June 23, 2025
Mokena 159 Board Approves Amended Budget Amid Transparency, Deficit Concerns
Mokena 159 Board Signals Support for Recording Meetings After Public Push
District 159 Adopts ‘Wayfinder’ Program to Boost Middle Schoolers’ Social-Emotional Health
Mokena 159 Principals Report End-of-Year Academic Progress, Focus on Writing
Meeting Briefs: Mokena School District 159 for June 18, 2025
