* Chicagoans will save up to 25 pct with Integrys power
* ComEd will continue to deliver power and bill customers
* Integrys must beat ComEd price for power
Dec 17 Integrys Energy Services, a unit of
Integrys Energy Group of Chicago, won a municipal
aggregation contract to supply Chicago with lower cost
electricity from non-coal fuel sources through 2015.
The Chicago City Council last week picked Integrys because
the company offered the lowest price margin in a two-stage
competitive process that included eight companies.
"By buying electricity in bulk, we have secured an agreement
that will put money back into the pockets of Chicago families
and small businesses while ensuring that our electricity comes
from cleaner sources," Mayor Rahm Emanuel said in a statement.
The mayor said Chicagoans will save up to 25 percent a month
on their first electricity bills from February to June 2013,
representing about $25 in monthly savings for the average
Over the life of the agreement that ends in May 2015,
Chicagoans will save up to 12 percent on their bills, resulting
in a total savings of $130 to $150 for the average household for
the entire agreement, the mayor said.
Chicago's municipal aggregation supply agreement is the
largest in the nation, the mayor said.
The city said it expects the transition to Integrys to be
seamless. The city's power company, Commonwealth Edison (ComEd),
will still be responsible for delivering electricity, reading
meters, and responding to outages.
ComEd is a unit of Chicago-based Exelon Corp.
ComEd will also continue sending monthly bills and receiving
payments, and customers will be able to keep the same budget
billing and automatic payment options they have now.
Integrys will be required to always beat or match the ComEd
Chicago residential and small commercial customers will be
automatically transitioned into the program unless they opt out.
They can opt out of the program at any time without charge, fee