Two-billion-dollar Energy Supply Contract being reviewed
Naper villageCity · NE- Disclosed value
- $2,000,000,000
- From meeting minutes
- Document date
- Feb 27, 2025
- Term
- 10 years
The 30-second brief
The city is considering a two-billion-dollar, ten-year energy supply contract with IMEA that includes a ten-year lock-in with no option to exit the contract. IMEA locks in deals with coal companies, which could cost more than alternative sources.
Illinois Municipal Electric holds this energy supply contract with Naper village. Its other public contracts on record include work for Town of Freeburg and City of Oglesby.
Term as filed: 10 years.
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Contract details
- Contract type
- Energy Supply
- Amount
- $2,000,000,000
- Document date
- February 27, 2025
- Term
- 10 years
- Agency
- Naper village
- Source document
- naper-villagemeeting-minutes2025-02-27_9d8.pdf (Meeting Minutes)
Illinois Municipal Electric's other public contracts
More Naper village contracts
Questions about this contract
Who was awarded the energy supply contract by Naper village?
Illinois Municipal Electric was awarded this energy supply contract by Naper village, as recorded on February 27, 2025. The contract value is $2,000,000,000.
How much is the Illinois Municipal Electric contract with Naper village worth?
The Illinois Municipal Electric contract with Naper village is valued at $2,000,000,000, covering energy supply work.
What type of contract is this?
This is a Energy Supply contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in naper-villagemeeting-minutes2025-02-27_9d8.pdf (Meeting Minutes), dated February 27, 2025 from Naper village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Illinois Municipal Electric hold?
Illinois Municipal Electric may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Naper village currently buying?
Explore Naper village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.