FINANCIAL_SERVICESRECOMMENDED

Gas Revenue Credit Line Recommended With Wells Fargo

The Public Utilities Commission recommended authorizing the City of Long Beach to establish a revolving line of credit with Wells Fargo Bank N.A. for senior gas revenue obligations. The facility would not exceed $60 million outstanding at any one time, with related indentures, credit, and fee agreements.

Document date · August 27, 2026

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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
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
Aggregate principal amount not to exceed $60,000,000 outstanding at any one time
Contract type
FINANCIAL_SERVICES
Contract term
From time to time; term not specified
Document type
Agenda
Source document
City of Long Beach Public Utilities Commission Agenda 2026-08-27

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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 Long Beach?

Wells Fargo Bank N.a. was awarded this financial services contract by City of Long Beach, as recorded on August 27, 2026. The contract value is Aggregate principal amount not to exceed $60,000,000 outstanding at any one time.

How much is the Wells Fargo Bank N.a. contract with City of Long Beach worth?

The Wells Fargo Bank N.a. contract with City of Long Beach is valued at Aggregate principal amount not to exceed $60,000,000 outstanding at any one time, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Long Beach Public Utilities Commission Agenda 2026-08-27 (Agenda), dated August 27, 2026 from City of Long Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank N.a. hold?

Wells Fargo Bank N.a. 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 Wells Fargo Bank N.a.'s profile

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