FINANCIAL_SERVICESDISCUSSED

Citi Bank Letter of Credit for Facility

Council reviewed Citi Bank’s potential role in providing a letter of credit for decommissioning the proposed energy facility. The nonbinding letter referenced approximately $46 million in credit support during 2027 for a tenure of about 40 years.

Document date · September 4, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
approximately U.S. $46,000,000
Contract type
FINANCIAL_SERVICES
Contract term
during 2027; tenure of approximately 40 year(s)
Renewal date
2027-01-01
Renewal
Potential letter of credit discussed in connection with decommissioning financial assurance; no binding commitment. The letter contemplates issuance during 2027 upon application from Shell USA, Inc.
Document type
StaffReport
Source document
Oregon Department of Energy StaffReport Yellow Rosebush Energy Center Contested Case Order Review 2026-09-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Oregon Department of Energy?

Citi Bank was awarded this financial services contract by Oregon Department of Energy, as recorded on September 4, 2026. The contract value is approximately U.S. $46,000,000.

How much is the Citi Bank contract with Oregon Department of Energy worth?

The Citi Bank contract with Oregon Department of Energy is valued at approximately U.S. $46,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Oregon Department of Energy StaffReport Yellow Rosebush Energy Center Contested Case Order Review 2026-09-04 (StaffReport), dated September 4, 2026 from Oregon Department of Energy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Citi Bank hold?

Citi Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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