Yolo County Beaconbid #RFP NO. 2026-VCE-BANK

Valley Clean Energy seeks commercial banking services and credit facilities

Valley Clean Energy is seeking a primary commercial banking partner to provide operating banking services and credit facilities. - Buyer: Valley Clean Energy (VCE), a Community Choice Aggregator serving Woodland, Davis, Winters, and unincorporated areas of Yolo County; the notice also identifies Yolo County as the customer. - Requested services: Commercial operating banking, including support for a checking account and a zero-balance lockbox revenue-deposit account. VCE says there is no active agreement currently enabling lockbox services. - Credit facilities: A cash facility of up to $7,000,000 and/or a $11,000,000 letter-of-credit facility. VCE reports no use of the cash facility and less than $500,000 in letter-of-credit activity. - Transition requirement: Proposals must allow at least 60 days to transition into banking activities. - OEMs and named vendors: None are identified. This solicitation is for banking services, not the separate investment-services procurement.

Description

Valley Clean Energy seeks proposals from qualified banking institutions for commercial operating banking services and lines of credit. Its current account structure includes a checking account and a zero-balance lockbox revenue deposit account, and its combined line of credit includes a cash facility of up to $7,000,000 and/or a letter-of-credit facility of $11,000,000. The RFP concerns VCE’s primary commercial banking relationship, with proposed timelines allowing at least 60 days for transition; the current contract is valid through April 2027. VCE is also issuing a separate RFP for investment services and plans to evaluate liquidity pools for 0–1-year liquidity needs.

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