News

IMEA's $33.6 Million Savings Will Be Passed on to Municipal Utility Members

Date Posted: 2025-09-12

32 member municipalities will each see a portion, based on their energy usage and demand, of the savings which equates to $3.4 million annually.

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29 IMEA Member Municipalities Choose to Continue Beneficial Relationship with IMEA

Date Posted: 2025-07-25

The City of Cairo is the latest IMEA city council to vote to approve the new contract offered by IMEA. Their contract brings the total percentage of current members contracting into the future to 90%.

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Fitch Ratings and Moody's Ratings Award IMEA Consecutive Top-Tier Ratings

Date Posted: 2025-07-22

Two of the “big three” national credit rating agencies recently notified the Illinois Municipal Electric Agency that their long-term debt was affirmed with exemplary ratings.

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IMEA's Power Purchase Agreement Provides 25 MW from Big River Solar

Date Posted: 2025-06-20

The agency started receiving power and capacity starting June 1 through a power purchase agreement (PPA) with the site's owner, DESRI.

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IMEA Adds 150 MW Utility-Scale Solar Generating Facility; Generation Will Power Nearly 44,000 homes

Date Posted: 2024-11-22

Residents of 32 municipalities will soon receive greener power thanks to a new supply arrangement negotiated by the municipalities' wholesale electric provider, the Illinois Municipal Electric Agency (IMEA). The agency has executed a 20-year agreement with solar developer National Grid Renewables to purchase all the electric output and related attributes of the Bee Hollow solar generation facility.

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