Scotia LOC secures TransAlta electricity hedge
University Of Illinois System OfficesHigher Ed · Urbana, IL- Disclosed value
- Letter of credit supporting $0.26 million TransAlta electricity hedge; NTE exposure $0.11 million
- From report
- Document date
- Sep 23, 2021
The 30-second brief
Bank of Nova Scotia issues a letter of credit backing TransAlta Energy Marketing’s electricity hedge for the University of Illinois System, supporting a modest $0.26 million power exposure and $0.11 million NTE in FY 2022.
Bank of Nova Scotia holds this financial services contract with University Of Illinois System Offices. Its other public contracts on record include work for Township of The North Shore and Town of Picture Butte.
Term as filed: LOC concurrent with TransAlta Energy Marketing electricity contract in FY 2022.
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Contract details
- Contract type
- Financial Services
- Amount
- Letter of credit supporting $0.26 million TransAlta electricity hedge; NTE exposure $0.11 million
- Document date
- September 23, 2021
- Term
- LOC concurrent with TransAlta Energy Marketing electricity contract in FY 2022
- Vendor
- Bank of Nova Scotia
- Source document
- University Of Illinois System Offices Derivatives Use Report 2021-09-23 (Report)
Bank of Nova Scotia's other public contracts
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Questions about this contract
Who was awarded the financial services contract by University Of Illinois System Offices?
Bank of Nova Scotia was awarded this financial services contract by University Of Illinois System Offices, as recorded on September 23, 2021. The contract value is Letter of credit supporting $0.26 million TransAlta electricity hedge; NTE exposure $0.11 million.
How much is the Bank of Nova Scotia contract with University Of Illinois System Offices worth?
The Bank of Nova Scotia contract with University Of Illinois System Offices is valued at Letter of credit supporting $0.26 million TransAlta electricity hedge; NTE exposure $0.11 million, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in University Of Illinois System Offices Derivatives Use Report 2021-09-23 (Report), dated September 23, 2021 from University Of Illinois System Offices. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of Nova Scotia hold?
Bank of Nova Scotia 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 University Of Illinois System Offices currently buying?
Explore University Of Illinois System Offices's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.