NiSource Paid IBM Restructuring And Wind-Down Fees
Laurel County Water District 2Utility District · London, KY- Disclosed value
- $9.8 million termination fee; approximately $1 million wind-down fee; $1.2 million additional wind-down costs
- From staffreport
- Document date
- Oct 26, 2026
- Term
- December 2007
The 30-second brief
NiSource paid IBM $9.8 million in termination fees and approximately $2.2 million in wind-down costs during the 2007 restructuring. The payments supported the transition of selected outsourced functions back to NiSource.
IBM holds this contract with Laurel County Water District 2.
Term as filed: December 2007.
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Contract details
- Amount
- $9.8 million termination fee; approximately $1 million wind-down fee; $1.2 million additional wind-down costs
- Document date
- October 26, 2026
- Term
- December 2007
- Vendor
- IBM
- Source document
- Public Service Commission Staff Report 2026-00099 2026-10-26 (StaffReport)
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Questions about this contract
Who was awarded the government contract by Laurel County Water District 2?
IBM was awarded this government contract by Laurel County Water District 2, as recorded on October 26, 2026. The contract value is $9.8 million termination fee; approximately $1 million wind-down fee; $1.2 million additional wind-down costs.
How much is the IBM contract with Laurel County Water District 2 worth?
The IBM contract with Laurel County Water District 2 is valued at $9.8 million termination fee; approximately $1 million wind-down fee; $1.2 million additional wind-down costs.
What type of contract is this?
This is a government contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Public Service Commission Staff Report 2026-00099 2026-10-26 (StaffReport), dated October 26, 2026 from Laurel County Water District 2. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does IBM hold?
IBM may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Laurel County Water District 2 currently buying?
Explore Laurel County Water District 2's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.