City of Belvidere Committee of the Whole Agenda Packet 2026-06-22
City weighs six-year MC Squared power renewal
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Description
Belvidere is considering a six‑year renewal with MC Squared for its residential electric aggregation program, including a $36,000 annual civic contribution and rate parity with ComEd. The ordinance would authorize continued opt‑out aggregation and delegate contracting authority to the City Administrator, with a two‑year no‑penalty exit option.
Contract Details
Contract Amount
Annual civic contribution of $36,000 per year
Vendor
MC SQUARED (MC²)
Agency
City of Belvidere city, IL
Contract Type
UTILITIES
Document Date
June 22, 2026
Contract Term
Six-year contract, 2026–2032, with a two-year municipal opt-out option
Renewal Date
2032-10-31
Renewal Info
Proposed renewal extends the aggregation program with MC Squared for six years from 2026 to 2032, with a municipal option to exit after two years without penalty while maintaining resident rate protections and civic contributions.
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