CAMBRIDGE -- Two public meetings Wednesday will give Cambridge residents an opportunity to discuss a proposal that the village negotiate electricity rates for all residents.
The "municipal aggregation" proposal will be voted on on April 9.
The meetings will be at 5 p.m. and 6:30 p.m. at the Cambridge Community Hall.
Under aggregation, a municipality can negotiate a price for electrical energy for the entire community in hopes of gaining a lower rate than if people bought it on their own.
Electricity in Cambridge would still be delivered and billed by Ameren Illinois, even if the ultimate contractor is someone else. Currently, the Illinois Power Authority negotiates prices for electricity.
Cambridge village administrator Dwaine Van Meenen said savings of 20 to 27 percent are expected if the proposal is approved.
Residents and eligible businesses who would prefer not to have the municipality negotiate the price of their electricity could opt out either after receiving a letter that the supplier will change or within 10 days after receiving a letter that the supplier has changed.
Rock River Energy would go out for bids for Cambridge, and by April 29 the village board should be able to approve rates, according to Mr. Van Meenen.
According to the Citizens Utility Board, Ohio and Rhode Island estimate aggregation has saved their citizens more than $18 million per year.
Today is Monday, Sept. 1, the 244th day of 2014. There are 121 days left in the year.
1864 -- 150 years ago: We are informed by J.H. Hull that the reason the street sprinkler was not at work yesterday settling the dust on the streets, was because one of his horses was injured. 1889 -- 125 years ago: Bonnie McGregor, a fleet-footed stallion owned by S.W. Wheelock of this community, covered himself with glory at Lexington, Ky, when he ran a mile in 2:13 1/2. The horse's value was estimated as at least $50,000. 1914 -- 100 years ago: Troops are pouring into Paris to prepare for defense of the city. The German army is reported to be only 60 miles from the capital of France. 1939 -- 75 years ago: The German army has invaded Poland in undeclared warfare. Poland has appealed to Great Britain and France for aid. 1964 -- 50 years ago: Publication of a plant newspaper, the Farmall Works News, has been launched at the Rock Island IHC factory and replaces a managerial newsletter. 1989 -- 25 years ago: Officials predict Monday's Rock Island Labor Parade will be the biggest and best ever. Last minute work continues on floats and costumes for the parade, which steps off a 9:30 a.m.