States shaving costs with reverse auctions

One afternoon two weeks ago, Bob Furman, a purchaser for the state of Delaware, was staring at a computer screen in a conference room in Dover. Bids on a big state contract for electricity were rolling in over the internet, and as he munched on popcorn, the price Delaware would pay to power its state buildings kept going exactly the direction Furman hoped: down.

By Christine Vestal, Stateline Staff Writer

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