Montgomery County Finance Committee

County Secures Direct Energy Contracts Following Finance Committee Review

Montgomery County Finance and Budget Committee | April 2026

Article Summary: The Montgomery County Finance and Budget Committee recommended approval of a 36-month utility contract with Direct Energy following a presentation by third-party brokers from Tradition Energy.

County Finance and Utility Key Points:

  • The committee approved a 36-month fixed-pricing contract with Direct Energy at $4.479 for natural gas.

  • A 36-month capacity pricing agreement was also approved for electricity at a rate of .0610 plus supplier costs.

  • The county’s Coal Fund balance sits at $10.8 million following a February royalty payment of $52,273.98.

  • The county will seek a refund from Bruce Harris following its acquisition by Beacon.

The Montgomery County Finance and Budget Committee on Thursday, April 9, 2026, locked in the county’s utility rates for the next three years, approving a pair of contracts with Direct Energy.

Michael Skelton and Justin Heid of Tradition Energy appeared virtually before the committee to present their analysis of electric and natural gas bids. Following their recommendation, the committee voted unanimously to accept Direct Energy’s proposal for a 36-month electricity capacity contract at a rate of .0610 plus supplier costs, which represents a slight increase over previous rates. The committee also secured a 36-month fixed pricing contract for natural gas at $4.479, which Tradition Energy noted was a slight decrease.

The committee also received a highly positive financial update regarding the county’s Coal Fund. The committee reviewed a February royalty payment totaling $52,273.98, bringing the total Coal Fund balance to a robust $10.8 million. Treasurer Nikki Lohman reported that several county investments have recently matured, resulting in increased interest income across the board.

In technology matters, County Board Administrator Mike Plunkett reported that the county will abandon its planned transition to the Bruce Harris GIS platform. Because the Bruce Harris firm was recently purchased by Beacon—the county’s current GIS provider—the switch is no longer necessary. Plunkett and Supervisor of Assessments Tysha Mullen have formally requested a refund for the contract money previously paid to Bruce Harris.

Looking ahead to the next fiscal year, the committee officially kicked off the FY2027 budget cycle. Plunkett presented the UCCI Salary Study and the county’s Collective Bargaining Agreements for 2027, which the committee will review over the next month before recommending wage changes and starting salaries. The committee also tentatively scheduled the FY2027 Budget Hearings for August 18 and 19, beginning at 8:30 a.m. each day.

Leave a Comment





Latest News Stories

Bachelor’s at Illinois community colleges may widen access, affordability

Bachelor’s at Illinois community colleges may widen access, affordability

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Community colleges in Illinois could soon offer Bachelor’s degree programs to Illinois residents. Officials, lawmakers and students...
Iran reverses course, closes Strait of Hormuz

Iran reverses course, closes Strait of Hormuz

By Sarah Roderick-FitchThe Center Square Less than 24 hours after Iran and President Donald Trump touted the Strait of Hormuz open, the Islamic Republic has reportedly reversed course, closing the...
Litchfield Panthers Baseball Graphic

Litchfield Edges Southwestern 5-4 in Back-and-Forth Conference Clash

Despite a resilient offensive effort and a pair of rallies, the Southwestern varsity baseball team fell short against conference rival Litchfield, dropping a tight 5-4 home decision on Friday. The...
montgomery county Graphic Logo

Montgomery County Board Adopts Resolution Opposing Eminent Domain for CO2 Pipelines

Montgomery County Board Meeting | March 10, 2026 Article Summary: In response to resident concerns over a proposed carbon sequestration project, the Montgomery County Board unanimously passed a resolution supporting state...
Los Angeles school district seeks state's money for pay hikes

Los Angeles school district seeks state’s money for pay hikes

By Chris WoodwardThe Center Square The Center Square) - The Los Angeles Unified School District managed to avoid a strike this week after reaching 11th-hour agreements with three unions. Now...
Congress kicks off government funding process for 2027

Congress kicks off government funding process for 2027

By Thérèse BoudreauxThe Center Square Six months out from fiscal year 2027, U.S. lawmakers are making progress on the annual 12 appropriations bills that will fund the federal government. The...
Seattle affordable housing goal elusive despite millionaire's tax

Seattle affordable housing goal elusive despite millionaire’s tax

By Randy DiamondThe Center Square (The Center Square) -- Seattle’s own version of Washington State's planned tax on millionaires is aimed at businesses with millionaire employees, but the goal of...
Illinois Quick Hits: Teachers union says CPS to bus students to rally

Illinois Quick Hits: Teachers union says CPS to bus students to rally

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Chicago Teachers Union says Chicago Public Schools leaders have agreed to transform the school day on...
Pritzker says of BUILD Plan for homes would not cost taxpayers

Pritzker says of BUILD Plan for homes would not cost taxpayers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker has ramped up his campaign for new housing in Illinois, and he expects taxpayers...
Litchfield Panthers Soccer Graphic

Litchfield Outlasts Staunton in Shootout Following Scoreless Thriller

After 100 minutes of scoreless, defensive soccer, the Litchfield varsity girls' soccer team found its edge in a penalty kick shootout, defeating visiting conference rival Staunton on Thursday afternoon. Litchfield...
Illinois GOP aims to keep power plants open, increase charge transparency

Illinois GOP aims to keep power plants open, increase charge transparency

By Sean Reed | The Center SquareThe Center Square (The Center Square) – As closure of coal and natural gas powered energy plants loom, a group of GOP lawmakers have...
Inspector: Chicago finance department lacks tools to collect $8.1 billion owed

Inspector: Chicago finance department lacks tools to collect $8.1 billion owed

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago’s inspector general says the city is owed at least $8.1 billion and lacks the tools to...
Congress passes FISA Section 702 stopgap after 18-month extension fails in House

Congress passes FISA Section 702 stopgap after 18-month extension fails in House

By Thérèse BoudreauxThe Center Square The U.S. Senate has adopted the House’s 10-day extension of the expiring Section 702 of the Foreign Intelligence Surveillance Act, leaving Republican leadership less than...

Illinois lawmakers seek to eliminate state diversity commission

By Jared Strong | The Center SquareThe Center Square (The Center Square) -- An Illinois state commission has failed its mission to aid businesses owned by racial minorities, women and...
Republican efforts to impeach Walz, Ellison fail in Minnesota

Republican efforts to impeach Walz, Ellison fail in Minnesota

By Elyse ApelThe Center Square Republican efforts to impeach lead Democrats in Minnesota ran aground this week following a partisan deadlock in committee. The House Rules and Legislative Administration Committee...