City of Virden Finance Committee Meeting Minutes March 2026
Virden Panel Backs Tradition Energy Power Rate Deal
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Description
The Virden Finance Committee recommended a contract with Tradition Energy to lock in Ameren electric supply rates for city-owned properties at a ceiling of $0.1075 per kWh for up to 60 months. The recommendation aims to mitigate market volatility before the current supply contract expires in February 2027.
Contract Details
Contract Amount
price not to exceed $0.1075 per kWh
Vendor
TRADITION ENERGY
Agency
City of Virden city, IL
Contract Type
UTILITIES
Document Date
March 26, 2026
Contract Term
term length not to exceed 60 months; current Ameren supply contract expires February 2027
Renewal Info
Proposed new electric supply contract would have a maximum term of 60 months and is intended to follow the current Ameren supply contract expiring in February 2027. Specific renewal or extension options beyond this term are not described in the minutes.
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