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
Report: Human Rights Campaign pressures transgender procedures on minors
Everyday Economics: Housing market and Fed policy in focus in the week ahead
New Lenox Township Approves 5% Rent Increase for Guy Sell Senior Housing
Businesses brace for new tax challenges amid global tariff focus
Executive Committee Considers $12,000 Strategic Planning Initiative with University of St. Francis
Illinois takes over health insurance marketplace in 2026 amid skepticism
WATCH: IL state reps challenge IEMA-OHS responses to local agencies
Judge expands restraining order against ‘Beto’ O’Rourke, adds ActBlue
Reversing Biden’s precedent, students complete FAFSA in minutes at beta-testing event
Trump, Zelenskyy to meet Monday in steps toward peace with Russia
Executive Committee Members Decry Roadside Litter, Call for Action Against Garbage Haulers
Possible ‘agreement’ reached in Trump-Putin meeting; more discussion likely
