MidAmerican Energy Services, of Davenport, Iowa, has been selected as Findlay’s next electric aggregation service.
The company won a competitive process, and was selected by city officials for its best overall value.
Findlay will have a fixed rate of 5.20 cents per kilowatt hour for three years, starting with the March 2018 meter readings.
Residents and small businesses should look for a letter to arrive soon concerning the new offer.
“The mailer will explain the low offer we negotiated and the means to opt out should a customer not want to participate in the program,” said Paul Schmelzer, city safety director.
City residents will have 21 days to return an opt-out card to MidAmerican if they decide not to participate.
Residents who have already selected a supplier on their own will receive a similar letter from MidAmerican, inviting them to join the program and get the same rate, terms and conditions.
These residents would have to contact MidAmerican in order to join the program, and should review their current supply contracts to make sure there are no early termination fees.
In 2011, Findlay residents voted to give the city authority to aggregate the retail electric loads in Findlay.
For more information, residents may contact MidAmerican Energy Services by calling 800-342-3346 after they receive their letter.