CHICAGO December 12, 2012
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
A substitute ordinance concerning the authority to adopt a Plan of Operation
and Governance for the City of Chicago Electricity Aggregation Program and enter into
an electricity and related services and equipment contract with a supplier.
SO2012-5074
Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith
This recommendation was concurred in by
of members of the committee with
Respectfully submitted
Chairman
SUBSTITUTE ORDINANCE AS AMENDED
WHEREAS, The Illinois Power Agency Act ("Act"), codified at 20 ILCS 3855/1-1, et. seq., authorizes the corporate authorities of the City of Chicago ("City") to adopt an ordinance under which it may aggregate residential and small commercial retail electric loads within the City; and
WHEREAS, The Act also authorizes the City, for the purpose of electricity aggregation, to solicit bids and enter into service agreements to facilitate for those loads the sale and purchase of electricity and related services and equipment; and
WHEREAS, The Act further requires, before implementing an opt-out electricity aggregation program, the corporate authorities of the City to submit a referendum to its residents to determine whether or not the electricity aggregation program shall operate as an opt-out program for residential and small commercial retail customers; and
WHEREAS, On June 27, 2012, the City Council, by unanimous vote, passed a resolution authorizing the placement on the November 6, 2012 election ballot a referendum question asking Chicago voters whether the City shall have authority to operate an opt-out electricity aggregation program; and
WHEREAS, In the November 6, 2012 election, City voters approved the City's authority as posed in the referendum question, thereby authorizing the Ci...
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