FINANCIAL_SERVICESPENDING

County Considers $1.2B IRB for Palomas Power

Torrance County will vote on adopting an ordinance to issue up to $1.221 billion in taxable industrial revenue bonds for the Palomas Power LLC project under Series 2026. The bond authorization includes approval of associated financing documents.

Status
PENDING
Document date
August 26, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Palomas Power Llc
Agency
Torrance County · NM

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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
Maximum aggregate principal amount of $1,221,075,000
Contract type
FINANCIAL_SERVICES
Contract term
Series 2026 (bond issuance; specific maturity schedule not stated)
Renewal
Industrial revenue bonds are typically issued with defined maturities; renewal would involve new bond issuance or refinancing rather than contract renewal. Specific maturity dates are not provided in the agenda.
Document type
Agenda
Source document
Torrance County Administrative Meeting Agenda 2026-08-26

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Torrance County?

Palomas Power Llc was awarded this financial services contract by Torrance County, as recorded on August 26, 2026. The contract value is Maximum aggregate principal amount of $1,221,075,000.

How much is the Palomas Power Llc contract with Torrance County worth?

The Palomas Power Llc contract with Torrance County is valued at Maximum aggregate principal amount of $1,221,075,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Torrance County Administrative Meeting Agenda 2026-08-26 (Agenda), dated August 26, 2026 from Torrance County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Palomas Power Llc hold?

Palomas Power Llc 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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What is Torrance County currently buying?

Explore Torrance County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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