The City of Park Ridge to Suspend Involvement in its Electrical Aggregation Program

%3Cp%3EResidents%20and%20small%20businesses%20participating%20in%20the%20City%26rsquo%3Bs%20Electrical%20Aggregation%20Program%20will%20be%20receiving​%20an%20offer%20from%20MC%20Squared%20Energy%20Services%20(mc%26sup2%3B)%20in%20April%2C%202015%20to%20supply%20power%20at%20a%20fixed-rate%20price%20​for%20a%20twelve%20(12)%20month%20period.%20Any%20resident%20who%20does%20not%20wish%20to%20participate%20will%20have%20thirty%20(30)%20days%20to%20Op​t-Out.%3C%2Fp%3E%0A%0A%3Cp%3EThe%20City%20of%20Park%20Ridge%2C%20a%20member%20of%20the%20North%20Shore%20Electrical%20Aggregation%20Consortium%20(NSEA​C)%2C%20is%20suspending%20its%20involvement%20in%20its%20Electrical%20Aggregation%20Program%20at%20this%20time.%20In%20order%20to%20foster%20a%20compe​titive%20electric%20marketplace%20for%20ComEd%20residential%20and%20small%20business%20customers%2C%20the%20State%20of%20Illinois%20authorized%20munic​ipalities%20to%20secure%20power%20supply%20rate%20agreements%20with%20third-party%20suppliers%20on%20behalf%20of%20the%20entire%20municipality.%20The%​20City%20of%20Park%20Ridge%20formed%20a%20Consortium%20(North%20Shore%20Electrical%20Aggregation%20Consortium%2C%20NSEAC)%20with%20seven%20(7)%20other​%20municipalities%20to%20obtain%20power%20and%20related%20support%20services%20and%20selected%20mc2%20as%20its%20power%20supplier%20for%20a%20three%20​(3)%20year%20term%20that%20started%20in%20June%2C%202012.%3C%2Fp%3E%0A%0A%3Cp%3EThe%20NSEAC%20Electrical%20Aggregation%20Program%20has%20been%20very%2​0successful%20during%20its%20three%20(3)%20year%20term%20and%20has%20saved%20Park%20Ridge%20residents%20and%20small%20business%20customers%20an%20esti​mated%20five%20million%2C%20two%20hundred%20thousand%20dollars%20(%245%2C200%2C000.00).%3C%2Fp%3E%0A%0A%3Cp%3EAll%20residential%20customers%20and%20sm​all%20business%20owners%20now%20have%20several%20power%20supplier%20choices%20in%20a%20competitive%20marketplace.%20Current%20mc%26sup2%3B%20Electrica​l%20Aggregation%20customers%20may%20move%20to%20the%20power%20supplier%20of%20the%20choice%20by%20the%20end%20of%20April%2C%202015%20or%2C%20with%20no​%20further%20action%20or%20charge%2C%20stay%20with%20mc%26sup2%3B%20as%20a%20customer%20in%20June%2C%202015.%20Within%20the%20Electrical%20Aggregation​%20Program%20agreement%2C%20there%20is%20no%20charge%20for%20current%20mc%26sup2%3B%20Electrical%20Aggregation%20customers%20to%20switch%20from%20mc%2​6sup2%3B%20to%20an%20alternate%20electrical%20supplier%2C%20including%20ComEd.%3C%2Fp%3E%0A​

 
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