OTHERAPPROVED

New 20-Year Gas Storage Lease Awarded to WBI Energy

The Board of Land Commissioners approved a new 20-year underground gas storage lease with WBI Energy Transmission Inc. in Fallon County, with annual payments starting at $15,467.20 and a renewal option for an additional 20 years. The agreement ensures state revenue while supporting utility operations.

Status
APPROVED
Document date
September 16, 2024
Contract type
OTHER
Vendor
Wbi Energy Transmission Inc
Agency
Montana Secretary of State|Board of Land Commissioners · MT

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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
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
$15,467.20 per year for first five years, subject to adjustment every five years
Contract type
OTHER
Contract term
20 years from June 20, 2023, with option to renew for 20 more years
Renewal date
2043-06-20
Renewal
Lease allows for one 20-year renewal beyond the initial 20-year term. Rental rate reevaluated every five years.
Document type
Agenda
Source document
board_of_land_commissioners_regular_meeting_agenda.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Montana Secretary of State|Board of Land Commissioners?

Wbi Energy Transmission Inc was awarded this government contract by Montana Secretary of State|Board of Land Commissioners, as recorded on September 16, 2024. The contract value is $15,467.20 per year for first five years, subject to adjustment every five years.

How much is the Wbi Energy Transmission Inc contract with Montana Secretary of State|Board of Land Commissioners worth?

The Wbi Energy Transmission Inc contract with Montana Secretary of State|Board of Land Commissioners is valued at $15,467.20 per year for first five years, subject to adjustment every five years.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in board_of_land_commissioners_regular_meeting_agenda.pdf (Agenda), dated September 16, 2024 from Montana Secretary of State|Board of Land Commissioners. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wbi Energy Transmission Inc hold?

Wbi Energy Transmission Inc 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 Wbi Energy Transmission Inc's profile

What is Montana Secretary of State|Board of Land Commissioners currently buying?

Explore Montana Secretary of State|Board of Land Commissioners's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Montana Secretary of State|Board of Land Commissioners's profile

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