While procurement laws still restrict the majority of campus purchasing contracts to ten years, there is a state of Illinois law that allows our campus to enter into Power Purchase Agreements (PPAs) that are as long as 25 years. See http://www.ilga.gov/legislation/publicacts/fulltext.asp?Name=101-0193 for details.
VIRTUAL POWER PURCHASE AGREEMENT RULED LEGAL
F&S and the Institute for Sustainability, Energy, and Environment hired attorney Paul Durbin to evaluate the legality for the campus to enter into a Virtual Power Purchase Agreement (VPPA) to meet the Illinois Climate Action Plan (iCAP) goals for purchasing renewable energy. The analysis concluded that the Board of Trustees has the legal authority to enter into a VPPA, if it is financially reasonable; said agreement would be performed by Prairieland Energy, Inc. (PEI), a subsidiary wholly-owned by the Board of Trustees of the University of Illinois
See attached for the iWG Meeting Minutes from 11/22/2019.
