TISKILWA — Tiskilwa Mayor Randy Philhower told village board members at their meeting Tuesday night he signed contracts with two different companies to provide electricity at lower rates than the current provider.

Mid American Energy will provide electricity to residential users for the next two years for .0423 cents per kilowatt hour, and Liberty Energy will provide electricity for the next three years for village-owned properties at a rate of .05035 per kilowatt hour.

Board members had authorized Philhower to sign the contracts at their meeting in February. Philhower said Tuesday night he signed the contracts on Feb. 21 after meeting with Shawn Ajazi of Progressive Energy Group, the company the village hired to seek out bids after village residents approved electric aggregation at the Nov. 6, 2012, election.