Los Angeles Department of Water and Power Board of Water and Power Commissioners Regular Meeting Agenda 2026-06-09
Merchant Services Contract Awarded to Wells Fargo Bank
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Description
LADWP Board approved a merchant services contract with Wells Fargo Bank, N.A. for up to five years, not to exceed $80,000,000, starting July 1, 2026.
Contract Details
Contract Amount
Not to exceed $80,000,000
Vendor
WELLS FARGO BANK N.A.
Agency
Los Angeles Department of Water & Power, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Three years with two-year optional extension (total five years)
Renewal Date
2031-07-01
Renewal Info
Three-year initial term plus two-year optional extension.
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Los Angeles Department of Water and Power Board of Water and Power Commissioners Regular Meeting Agenda 2026-06-09
Los Angeles Department of Water and Power Board of Water and Power Commissioners Regular Meeting Agenda 2026-06-09
Los Angeles Department of Water and Power Board of Water and Power Commissioners Regular Meeting Agenda 2026-06-09
Los Angeles Department of Water and Power Board of Water and Power Commissioners Regular Meeting Agenda 2026-06-09
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