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Kaneland Board OKs reverse auction, authorizes up to 60-month gas and electric contracts
Summary
The Kaneland CUSD 302 Board of Education voted 7-0 to let administration run a live reverse auction for electricity and pursue layered procurement for natural gas, authorizing contracts up to 60 months to begin when current contracts expire.
The Kaneland CUSD 302 Board of Education on Monday authorized district administrators to execute natural gas and electricity supply contracts for terms up to 60 months, following a live reverse auction for electricity and a traditional procurement for natural gas.
Director of Buildings and Grounds Mark Peyton and Becky Thompson of Minea Energy presented the district's current energy posture and the vendor qualification results. Peyton said the district's existing electricity contract was expiring and staff had solicited competitive bids and invited qualified suppliers to a live reverse auction scheduled the next day. "Tonight we're gonna talk…
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