Residents in the city of Peoria as well as surrounding communities voted to allow their local governments to seek competitive electricity rates for homeowners and small businesses in 2012.
Communities chose Homefield Energy to supply electricity through this May. The company will again provide power beginning in June for the next two years.
Residents and business owners will be receiving opt-out letters in the mail this week and can decide whether to remain in the program. Those who wish to opt-out should fill out a form included with their letters and return them to their respective governments. Those who want to remain with the program do not have to do anything.
The new rate for electricity goes into effect in June or July Ameren bills.