Quincy, IL News - Journal930.com
Quincy, IL News - Journal930.com
Saturday, Nov 28, 2015

Chicago aldermen calling aggregation a power grab by Mayor Emanuel

3 years ago by

Some aldermen wary of plan and funds for unspecified energy efficiency projects

From chicagotribune.com:

Mayor Rahm Emanuel is pushing a new plan to skim off some of the savings Chicago electricity customers stand to gain from lower rates expected as part of a bulk power purchasing contract, with the money going for unspecified energy efficiency projects.

The mayor also wants greater control over how much of the deal a company can get.

Some aldermen are skeptical, questioning Emanuel's power grab on the specifics of electrical aggregation, which allows the city to negotiate lower rates on residents' behalf. Last week, 56 percent of Chicago voters agreed with the idea in a referendum question.

Now the rush is on to lock in savings as soon as possible. Emanuel wants to award the power savings deal within a month.

Click here for more.