WASHINGTON -- Metro said it wants to start buying electricity on the wholesale market as it looks for more places to pinch pennies.
Metro would be the first transit system in the country to buy power at wholesale prices, General Manager John Catoe said.
Doing so will help guard against steep spikes in the cost of electricity, such as those experienced last year, and could save up to $9 million a year, officials said.
On Thursday, Metro's finance committee approved the request to lock in prices in the regional wholesale market. The plan still needs final approval from the entire board.
Copyright AP - Associated Press
