New Lenox may soon see lower electric bills
By Melissa Tantum Sun-Times Media June 19, 2011 10:16PM
Updated: January 23, 2012 2:45AM
Residents and small businesses soon may see lower electric bills.
In the first of two public hearings, village officials heard from David Hoover of the Northern Illinois Municipal Electric Cooperative who stated that since New Lenox passed the electrical aggregation referendum residents and small businesses can look forward to an estimated 15 percent to 20 percent reduction in electricity rates.
New Lenox is one of only 19 communities in Illinois that passed the cost-saving referendum.
Since the deregulation of the electric market in 1997, many businesses have saved thousands of dollars by purchasing their electricity through another supplier other than ComEd. Residential and smaller businesses have not taken advantage of these lower costs, Hoover said.
Through this aggregation approach as opposed to just an individual approach Hoover said that with more buying power the savings can jump up to 20 percent. All billing still will be from ComEd and the company will respond to power outages since it still delivers the energy even it it doesn’t supply it.
A resident can stay with ComEd as their supplier by choosing to “opt out” of any program the village makes, but village officials say that by doing so they will be missing out on the cost savings.
The next public hearing will be 7 p.m. Monday at village hall.
In other action:
Approved: An Aldi grocery store has the OK to move forward with breaking ground on the southwest corner of the New Lenox Town Center. The developer stated that if all goes as planned it is looking at a grand opening before Thanksgiving.
Approved: The company Aged to Perfection received a class E liquor license for the New Lenox Commons Jazz Festival.
Village Hall will not be open on Saturdays starting in July except for the busier month of March when vehicle stickers are purchased. There will be extended hours to 7 p.m. on Wednesdays.
An open house for updates on the Route 30 roadway reconstruction and widening project from Williams Street to Route 43 will be 4;30 to 6:30 p.m. on June 28 at Village Hall. Officials will be there to answer questions as well as representatives from the Illinois Department of Transportation.