FINANCIAL_SERVICESAPPROVED

City of Lansing Awards Financial Services Contract to Lansing Board of Water and Light (June 2026)

Lansing City Council approved the Ninth Amendment to the Return on Equity Agreement with the Lansing Board of Water and Light, extending the pact through June 30, 2028. Under the amendment, BWL will remit return on equity payments equal to 6% of its operating revenues to the City for FY 2027 and FY 2028.

Status
APPROVED
Document date
June 22, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lansing Board of Water and Light
Agency
City of Lansing · MI

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Return on equity payments equal to 6% of total BWL operating revenues for FY 2027 and FY 2028
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 – June 30, 2028
Renewal date
2028-06-30
Renewal
Ninth Amendment extends the original 1992 agreement for an additional two years, through June 30, 2028, with payments set at 6% of BWL operating revenues excluding inter-utility sales.
Document type
AgendaPacket
Source document
Lansing City Council Agenda Packet 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lansing?

Lansing Board of Water and Light was awarded this financial services contract by City of Lansing, as recorded on June 22, 2026. The contract value is Return on equity payments equal to 6% of total BWL operating revenues for FY 2027 and FY 2028.

How much is the Lansing Board of Water and Light contract with City of Lansing worth?

The Lansing Board of Water and Light contract with City of Lansing is valued at Return on equity payments equal to 6% of total BWL operating revenues for FY 2027 and FY 2028, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Lansing City Council Agenda Packet 2026-06-22 (AgendaPacket), dated June 22, 2026 from City of Lansing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lansing Board of Water and Light hold?

Lansing Board of Water and Light 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 Lansing Board of Water and Light's profile

What is City of Lansing currently buying?

Explore City of Lansing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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