Title
Resolution authorizing a contract with Constellation NewEnergy Gas Division, LLC, Louisville, Kentucky, for electricity rate and management services in the annual estimated amount of $2,133,087.97.
Staff Summary
* The current term for the County's electricity contract with Constellation NewEnergy Gas Division, LLC, is set to expire July 2026.
* Purchasing identified a cooperative contract through Omnia Partners with TFS Energy Solutions, LLC d/b/a Tradition Energy that provides for management of the procurement process, contract review and negotiation assistance.
* The Omina Partners contract with TFS Energy Solutions, LLC d/b/a Tradition Energy expires November 30, 2027, with renewal options through November 30, 2031.
* In accordance with ?33.115 of the Lake County Purchasing Ordinance, Lake County may participate in a cooperative purchasing agreement for the procurement of goods and services in accordance with an agreement entered between the participants.
* TFS Energy Solutions, LLC d/b/a Tradition Energy obtained pricing from one potential service provider in an estimated annual cost of $2,133,087.97 for a 48-month contract, based pricing received, Constellation NewEnergy Gas Division, LLC is the lowest service provider for Lake County.
* Forecasts for the energy market are indicating an increase in cost for electricity due to a recent change in law that will increase electricity costs.
* The contract allows for flexibility and allows for continual monitoring of the market to renegotiate with existing vendor.
Body
RESOLUTION
WHEREAS, the current term for the County's electricity contract with Constellation NewEnergy Gas Division, LLC is set to expire July 2026; and
WHEREAS, in accordance with Section ?33.115 of the Lake County Purchasing Ordinance, Lake County may participate in a cooperative purchasing agreement for the procurement of goods and services in accordance with an agreement entered between the participants; and
WHEREAS, TFS Energy S...
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