Village of Oak Park Village Board Transcript 2026-05-26
Oak Park Weighs ComEd Franchise Compensation Change
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Description
The Village Board reviewed options to modify its existing ComEd electric franchise compensation from bill credits on village accounts to a cash Infrastructure Maintenance Fee structure. Staff and an external advisor explained that the change would not alter the underlying franchise but could provide flexible revenue to support energy-efficiency and renewable projects.
Contract Details
Vendor
COMED
Agency
Oak Park village, IL
Contract Type
UTILITIES
Document Date
May 26, 2026
Renewal Info
Existing ComEd franchise remains in place; discussion focused solely on switching from bill credit ordinance consideration to cash Infrastructure Maintenance Fee via a future ordinance.
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