By Business Courier of Cincinnati

The city of Cincinnati has negotiated new agreements with Duke Energy and its affiliates, and the resulting deals are expected to save the city $6 million to $7 million in 2011.

According to a memo from Assistant City Manager Scott Stiles, the city has six new electric energy agreements with Duke Energy Retail Sales. It also amended its convention center naming rights deal with the company.

Stiles said the city is now able to purchase electric energy at lower rates sooner than the original agreements allowed for. The deals also allow for a 10 percent discount on electric generation at the convention center and on city street lights.

Copyright 2010 American City Business Journals
Copyright 2010