UTILITIESAPPROVED

CSCU Board of Regents Special Meeting Agenda April 2026

Housatonic Approves Long-Term Energy PPA with VFS

Not to exceed $8,114,640 at $33,811/month; energy rate $.105987367/kWhConnecticut State Colleges & Universities Board of RegentsVFS LLCApril 30, 2026

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Description

The CSCU Board of Regents approved a 20-year energy services and license agreement between CT State Community College (Housatonic) and VFS, LLC, with a not-to-exceed value of $8,114,640 at $33,811 per month. VFS, LLC will design, install, operate, and maintain on-site energy equipment while the College purchases the generated electricity and thermal energy at a fixed kWh rate, with an option for a five-year extension.

Contract Details

Contract Amount

Not to exceed $8,114,640 at $33,811/month; energy rate $.105987367/kWh

Vendor

VFS LLC

Agency

Connecticut State Colleges & Universities Board of Regents, CT

Contract Type

UTILITIES

Document Date

April 30, 2026

Contract Term

20-year contract with option to extend for five years (commencement mid-2026; projected end 2046 if base term only)

Renewal Date

2046-12-31

Renewal Info

Base term is 20 years with an option to extend the agreement for an additional five years. The contract includes a not-to-exceed amount of $8,114,640 and fixed energy pricing, with estimated $4.8 million in savings over the contract life.