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
L-W School Board June 26 Meeting Briefs
JJC Embarks on New 10-15 Year Facilities Master Plan Process
Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025
Will County Board Halts Transportation Plan After Contentious 143rd Street Debate
Will County Board Upholds Zoning Denials, Rejecting Developer Appeals
Split Vote Halts Monee Truck Terminal Project
Future Quarry Fight Looms as Board Approves ‘Tequila Barrel’ Retreat
News Briefs from the Will County Board June 18 Meeting
Frankfort Approves Outdoor Patios for The Loft and Grounded Coffee Bar, Waives All Parking Requirements
Frankfort Police Department to Get Four New Vehicles in Fleet Upgrade
Indoor Pickleball Facility ‘Pickled!’ Gets Green Light in Frankfort
Frankfort to Install Public Wi-Fi at Breidert Green
