FOR IMMEDIATE RELEASE
Bristol, CT, June 21, 2007 – In a prepared release, Mayor William T. Stortz announced that the City of Bristol had entered into a retail electric supply agreement through the CCM Energy Purchasing Program.
“Within the context of our efforts to reduce costs, the City Council, after receiving and analyzing competitive bids, approved a contract that will provide cost savings in the short term and at the same time provide long term stability in what is a very volatile market.
Initial indications are that we will realize savings of over $25,000 in the first six months, and ever substantially higher savings during the life of the contract.
Collectively, the City Council is aware of rising costs in all areas and the resultant impact on our budget. We do work to keep costs under control, and as manifested by the .5 mill increase this year, have done quite well despite ever-increasing utility, fuel, and healthcare costs. We will continue to look for additional ways to save so that the taxpayers will benefit.”
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Contact Steve Collins at scollins@bristolpress.com
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