Appalachian State University Awards Financial Services Contract to New River Light & Power Company (September 2026)
Appalachian State UniversityHigher Ed · Boone, NC- Disclosed value
- not to exceed $4,000,000
- From agendapacket
- Approved
- Sep 4, 2026
The 30-second brief
The Board approved working capital financing for New River Light & Power Company through a Utility System Revenue Note, Series 2026. The financing is capped at $4 million and is intended to support wholesale power purchases, storm damage costs, substation repairs, and utility vehicle losses.
New River Light & Power Company holds this financial services contract with Appalachian State University.
Term as filed: Series 2026 note; line of credit until revenues received from the System are sufficient to repay the financing.
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Contract details
- Contract type
- Financial Services
- Amount
- not to exceed $4,000,000
- Document date
- September 4, 2026
- Term
- Series 2026 note; line of credit until revenues received from the System are sufficient to repay the financing
- Vendor
- New River Light & Power Company
- Source document
- Appalachian State University AgendaPacket Board of Trustees Meeting 2026-09-04 (AgendaPacket)
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Questions about this contract
Who was awarded the financial services contract by Appalachian State University?
New River Light & Power Company was awarded this financial services contract by Appalachian State University, as recorded on September 4, 2026. The contract value is not to exceed $4,000,000.
How much is the New River Light & Power Company contract with Appalachian State University worth?
The New River Light & Power Company contract with Appalachian State University is valued at not to exceed $4,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Appalachian State University AgendaPacket Board of Trustees Meeting 2026-09-04 (AgendaPacket), dated September 4, 2026 from Appalachian State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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