| MYTH | REALITY |
| Selecting our current electricity provider, IMEA, to supply electricity to Naperville until 2055 is cheaper than all the other options. | No one knows what IMEA will cost because their proposal has no pricing or price caps. Naperville would pay a percentage of IMEA’s costs regardless of how high the costs were. Naperville could not exit the contract before 2055 regardless of the cost. |
Naperville also doesn’t know what other options would cost because it hasn’t requested bids from any other electricity suppliers.
Naperville Code1-9B-4 says, “City contracts should generally be awarded by competitive bidding unless it is a small contract, sole-sourced, or an emergency situation.”
Naperville ratepayers deserve to know cost of the options before a contract is signed.
You can find the IMEA’s contract proposal with no pricing and no way to exit before 2055 via this link: https://www.naperville.il.us/services/electric-utility/your-electric-service/imea/