Livingston County Board Meeting Agenda Packet May 2026
Federal Insurance Issues $16.39M Decommissioning Bond for Wind Project
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Description
Federal Insurance Company issued a $16,390,350 decommissioning performance and payment bond on behalf of Illinois Generation LLC in favor of Livingston County to secure decommissioning and restoration obligations for the Heritage Prairie Wind Project. The bond initially runs through April 16, 2027 with options for continuation.
Contract Details
Contract Amount
$16,390,350.00
Vendor
FEDERAL INSURANCE COMPANY
Agency
Livingston County, IL
Contract Type
INSURANCE
Document Date
May 13, 2026
Contract Term
April 14, 2026 – April 16, 2027 (initial term)
Renewal Date
2027-04-16
Renewal Info
Bond term is one year with potential renewal via continuation certificates; county must receive replacement security if the bond is cancelled with 60 days’ notice.
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