In This Issue
IEC Staff Continues to Grow
2009 Track Record
Electric Aggregation Opportunity
Client List Continues to Grow
Utility Rule Changes
Quick Links
 
IEC Staff Continues to Grow  

 

As our business continues to grow, so does our staff.  Our most recent hire is analyst Anne Czerwinski.  Anne will be handling a variety of assignments at Independent Energy Consultants.  Among other things, our clients can expect to see weekly price quotes from Anne for their outstanding natural gas and/or electric purchases.


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Your Energy Manager
Topic: Governmental Aggregator Update - May 2009
Welcome, IEC Logo

Independent Energy Consultants, Inc. is committed to helping its clients make well-informed and cost-effective decisions regarding their energy supply and consumption. We are sending you this newsletter to help you understand how decisions that are made, or not made, affect your company's bottom line.
2009 Track Record

In the past 12 months we have seen unprecedented volatility in the natural gas and electric markets.  The table below shows our track record for offers brokered for government aggregation programs so far in 2009.  Our government aggregation clients have saved 16.1 million dollars in the past 12 months and we expect that to grow in the coming year.
 

Community
(Res. & Comm.)

Commodity

Price Type

Start Date

 

Term Mos.

IEC Brokered Rate for Community

Best Alternative Rate

Aurora

Natural Gas

Fixed

June

12

$6.81/Mcf

$8.49/Mcf

Aurora

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

Boardman Twp

Electric

Guaranteed Savings

September2

32

10% discount3

10% higher

Colerain Twp

Natural Gas

Variable 1

May

1

$4.985/Mcf

$6.231/Mcf

Euclid

Natural Gas

Fixed

May

12

7.33/Mcf

$8.49/Mcf

Euclid

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

Munroe Falls

Natural Gas

 Fixed

May

11

$6.96/Mcf

$8.49/Mcf

Munroe Falls

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

Norton

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

Silver Lake

Natural Gas

Fixed

May

11

$6.96/Mcf

$8.49/Mcf

Silver Lake

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

Springfield Twp

Natural Gas

Variable 1

May

1

$4.985/Mcf

$6.231/Mcf

Springfield Twp

Electric

Fixed

May

20

$0.0688/kWh

$0.073/kWh

Stow

Natural Gas

Fixed

May

11

$6.96/Mcf

$8.49/Mcf

Stow

Electric

Guaranteed Savings

July2

34

10% discount3

10% higher

West Chester Twp

Natural Gas

Variable 1

May

1

$4.985/Mcf

$6.231/Mcf

1.  Monthly variable rates set by IEC have beaten alternative rate from the utility 11 months in a row.
2.  Start date subject to change +/- a month.
3. 2009 discount off the utility's avoidable generation supply charges for residential customers.  7% for commercial.  Rates tiered over a period ending 4/30/2012.

Electric Aggregation Opportunities

Independent Energy Consultants is pleased to have brokered a multi-year guaranteed-savings electric offer for 7 communities in the Ohio Edison and CEI service territories.  Please contact us if you are interested in learning how we can help your community.

We would like to offer a special thanks to the Springfield Township Administrator and Trustees for moving forward with an electric aggregation program.  Their program is one of two active electric programs in Ohio and only the second in the Duke Energy market.   Residents and small businesses will enjoy peace of mind with a 20-month fixed-rate for generation and transmission of $0.0688/kWh.  Independent Energy Consultants hopes the tremendous success we have had administering natural gas programs in this area leads to more communities pursuing electric offers in the Duke Energy service territory.
Client List Continues to Grow 
 
We would like to extend a thank you to those Governmental Aggregation clients who have retained Independent Energy Consultants in the past 2 years.  A table of those clients is shown below.  We are grateful that so many clients have come to appreciate the quality service, responsiveness and sound advice IEC provides for community leaders.
 
We are pleased to have added 42 communities for natural gas programs and 7 communities for electric.  At the same time IEC has retained 100 percent of its client base.  Our growth has come in part due to the kind referrals of our clients.  We thank you for your support of our efforts.
 

 

Aurora - Gas

Munroe Falls - Electric

Aurora - Electric

North Canton - Gas

Austintown - Gas

Norton - Gas

Barberton - Gas

Norton - Electric

Boardman - Gas

Poland Village - Gas

Boardman - Electric

Poland Township - Gas

Canfield Township - Gas

Silver Lake - Gas

Canton - Gas

Silver Lake - Electric

Euclid - Gas

Stow - Gas

Euclid - Electric

Stow - Electric

Green - Gas

Stark County  DEO - Gas
(15 communities)

Massillon - Gas

Stark County COH - Gas
(9 communities)

Mogadore - Gas

Stark Council of Governments - Gas
(20 communities city-owned  facilities)

Munroe Falls - Gas

Youngstown - Gas

 



Utility Rule Changes
 
Dominion East Ohio's (DEO) Standard Choice Offer (SCO) takes effect with April 2009 gas flow, replacing the former Standard Service Offer (SSO).  The new formula for determining the monthly variable rate SCO, will be the NYMEX monthly settle price for the expiring futures contract plus $1.40 per Mcf. 

The biggest change associated with the new SCO, is the fact that customers who had not chosen a supplier, have now been assigned to a natural gas marketer.  Now that all customers in the DEO service territory are supplied by a marketer, the gross receipts tax in DEO no longer exists.  From this time forward, all natural gas consumed in the DEO service territory will be assessed at the respective county sales tax rate. 

As government entities your natural gas accounts are tax-exempt and the change mentioned above does not impact that status.  You may, however, want to review your next bills to ensure the utility change has not caused you to inadvertently be charged county sales tax. A video covering this topic can be found on Independent Energy Consultants website.  Our Governmental Aggregator's Toolbox DVD contains a series of informative videos.  To request your copy, please call 888-862-6060 or fill out our online contact form. 


Independent Energy Consultants, Inc. | 820 Deepwoods Drive | Aurora | OH | 44202