Contract Will Save Hartford Taxpayers $1.3 Million
(April 13, 2012) --- The City of Hartford has negotiated a contract with a leading electric service provider, one that will save taxpayers more than $1 million, Mayor Pedro E. Segarra announced today. The agreement with TransCanada, which will run through November 2013, was finalized following an RFP process developed by Bridge Energy Services.
Five suppliers were pre-qualified, and TransCanada was selected based on pricing and other factors. "In the midst of fiscal challenges, Connecticut's Capital City is committed to controlling spending and streamlining services wherever possible," Mayor Segarra said. "I appreciate the diligent efforts of Bridge Energy Services, our Energy Manager Donald Blakelock and other City staff, who brokered this contract, which will significantly reduce energy costs." In addition to the City, the Hartford Public Schools and the Hartford Parking Authority have jointly procured electricity and natural gas since 2008. The contract with TransCanada will save the City $385,000, the school system $897,000, and the Parking Authority $37,000 annually.
TransCanada has been operating for more than 60 years and is positioned to be the leading energy infrastructure company in North America The company has 4,400 employees who manage its diverse oil, natural gas, wind power, hydro and other renewable energy sources that are located in seven Canadian provinces, 33 U.S. states and Mexico. TransCanada is one of the longest-serving electricity suppliers serving large commercial customers in Connecticut.