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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
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Welcome, 
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.
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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.
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Community
(Res. & Comm.)
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Commodity
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Price Type
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Start Date
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Term Mos.
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IEC Brokered Rate for Community
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Best Alternative Rate
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Aurora
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Natural Gas
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Fixed
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June
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12
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$6.81/Mcf
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$8.49/Mcf
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Aurora
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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Boardman Twp
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Electric
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Guaranteed Savings
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September2
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32
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10% discount3
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10% higher
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Colerain Twp
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Natural Gas
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Variable 1
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May
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1
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$4.985/Mcf
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$6.231/Mcf
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Euclid
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Natural Gas
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Fixed
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May
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12
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7.33/Mcf
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$8.49/Mcf
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Euclid
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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Munroe Falls
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Natural Gas
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Fixed
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May
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11
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$6.96/Mcf
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$8.49/Mcf
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Munroe Falls
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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Norton
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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Silver Lake
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Natural Gas
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Fixed
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May
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11
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$6.96/Mcf
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$8.49/Mcf
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Silver Lake
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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Springfield Twp
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Natural Gas
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Variable 1
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May
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1
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$4.985/Mcf
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$6.231/Mcf
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Springfield Twp
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Electric
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Fixed
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May
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20
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$0.0688/kWh
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$0.073/kWh
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Stow
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Natural Gas
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Fixed
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May
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11
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$6.96/Mcf
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$8.49/Mcf
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Stow
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Electric
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Guaranteed Savings
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July2
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34
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10% discount3
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10% higher
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West Chester Twp
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Natural Gas
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Variable 1
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May
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1
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$4.985/Mcf
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$6.231/Mcf
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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.
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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.
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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.
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Aurora - Gas
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Munroe Falls - Electric
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Aurora - Electric
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North Canton - Gas
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Austintown - Gas
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Norton - Gas
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Barberton - Gas
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Norton - Electric
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Boardman - Gas
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Poland Village - Gas
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Boardman - Electric
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Poland Township - Gas
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Canfield Township - Gas
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Silver Lake - Gas
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Canton - Gas
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Silver Lake - Electric
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Euclid - Gas
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Stow - Gas
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Euclid - Electric
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Stow - Electric
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Green - Gas
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Stark County DEO - Gas
(15 communities)
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Massillon - Gas
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Stark County COH - Gas
(9 communities)
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Mogadore - Gas
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Stark Council of Governments - Gas
(20 communities city-owned facilities)
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Munroe Falls - Gas
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Youngstown - Gas
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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.
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