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 Sunday, Dec. 8, the 342nd day of 2013. There are 23 days left in the year. 1863 -- 150 years ago: For the whole of last week we have been favored with the most delightful Indian summer weather, and mercury ranging from 40 to 65 above zero. The river is entirely clear of ice and looks as mild and soft as summer. 1888 -- 125 years ago: Albert Johnson was appointed a deputy in the circuit clerk's office. 1913 -- 100 years ago: 800 or more tons of earth in six landslides covered 38th Street for a distance of 200 feet near 7th Avenue and destroyed much property. 1938 -- 75 years ago: One of the 350-foot towers, which with a new transmitter will increase the power of WHBF to 1,000 watts day and night, has been completed on a 20-acre tract at 23rd Avenue and 51st Street, Moline. 1963 -- 50 years ago: In cooperation with The Associated Press, The Argus presents to its readers a complete, beginning-to-end account of one of the most tragic and dreadful chapters in American history, the assassination of President Kennedy, available in book form, and now in preparation. The book is entitled "The Torch is Passed." 1988 -- 25 years ago: Deere & Co. stockholders received good news of a boost in their quarterly dividends from 20 to 30 cents per share of common stock. The dividend, made to stockholders of record on Dec. 30, will be payable on Feb. 1, 1989.