FINANCIAL_SERVICESAPPROVED

New York State Energy Research and Development Authority Awards Financial Services Contract to New York State Electric and Gas Corporation (April 2026)

The NYSERDA Board approved issuing up to $65 million in refunding bonds on behalf of New York State Electric and Gas Corporation to refinance 2005 Authority bonds. The transaction is expected to generate about $10.7 million in present-value interest savings for NYSEG ratepayers, subject to additional State approvals.

Status
APPROVED
Document date
April 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
New York State Electric and Gas Corporation
Agency
New York State Energy Research and Development Authority · NY

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $65 million
Contract type
FINANCIAL_SERVICES
Contract term
Over the term of the refunding bonds (exact dates not stated)
Renewal
Refunding bonds replace 2005 NYSERDA-issued bonds; no explicit renewal options described.
Document type
Transcript
Source document
NYSERDA Transcript 275th Board Meeting 2026-04-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by New York State Energy Research and Development Authority?

New York State Electric and Gas Corporation was awarded this financial services contract by New York State Energy Research and Development Authority, as recorded on April 29, 2026. The contract value is Not to exceed $65 million.

How much is the New York State Electric and Gas Corporation contract with New York State Energy Research and Development Authority worth?

The New York State Electric and Gas Corporation contract with New York State Energy Research and Development Authority is valued at Not to exceed $65 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a transcript record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in NYSERDA Transcript 275th Board Meeting 2026-04-29 (Transcript), dated April 29, 2026 from New York State Energy Research and Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New York State Electric and Gas Corporation hold?

New York State Electric and Gas Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New York State Electric and Gas Corporation's profile

What is New York State Energy Research and Development Authority currently buying?

Explore New York State Energy Research and Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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