WESTBOROUGH, Mass. — The town's municipal power contract ends May 31, and Westborough-based TransCanada will save its town money until 2016.
Westborough Selectmen approved a three-year contract Tuesday night that will save the town $792,000.
"Because they're located in Westborough they really did want to supply our power," Town Manager Jim Malloy said.
TransCanada, Constellation New Energy and First Point Power all submitted bids. TransCanada's bid came in at 6.54 cents per kilowatt hour, significantly lower than the other two.
Selectman Ian Johnson said he was thrilled the town will support a local business and save money at the same time.
"I'm glad that we as a town can support them as well," he said.
Westborough currently pays 12.4 cents per kilowatt hour. The contract will cover the town's buildings, including all Westborough Public Schools.
"Any time we can save close to $800,000 — how can you not do that," Selectmen George Barrette said.