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Department of Energy Awarded a Contract to PORTLAND TERMINALS, LLC for $4,980,000.00

Signed on

3/29/2024, 12:00 AM

PORTLAND TERMINALS, LLC Government Contract #89243524CCR000052

PORTLAND TERMINALS, LLC was awarded a contract with the United States Government for $4,980,000.00. The contract was awarded by the agency office STRATEGIC PETROLEUM RESERVE, which is a division with the Department of Energy within the Department of Energy.

Summary of Award

The recipient of the federal contract worth $2,430,000 is Portland Terminals, LLC, a U.S.-owned business based in South Portland, Maine. The contract, funded by the Department of Energy, is for the storage of 200,000 gallons of ultra-low sulfur diesel fuel. Notable transactions include multiple payments to Pike Fuels Limited Partnership, totaling $1,230,000 for lease and rental services related to fuel storage buildings.

Contract Details

Contract ID89243524CCR000052
Contract TypeD
Total Obligation$2,430,000.00
Exercised Options$2,430,000.00
Base Amount + Options$4,980,000.00
Date Signed2024-03-29
Contract DescriptionTHE NORTHEAST HOME HEATING OIL RESERVE (NEHHOR) STORAGE OF 200,000 ULSD IN SOUTH PORTLAND, ME.
Start Date2024-03-29
End Date2026-03-31

Agency Details

Awarding AgencyDepartment of Energy
Awarding Sub AgencyDepartment of Energy
Awarding OfficeSTRATEGIC PETROLEUM RESERVE
Funding AgencyDepartment of Energy
Funding Sub AgencyDepartment of Energy
Funding OfficeOFC CYBERSECURITY, (CESER)

Recipient Details

RecipientPORTLAND TERMINALS, LLC
Recipient Location175 FRONT ST SOUTH PORTLAND MAINE, UNITED STATES
Business CategoriesCategory Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00004 | $0.00September 30, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PORTLAND TERMINALS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00June 4, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $1,230,000.00March 28, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $1,230,000.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $0.00March 24, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $1,200,000.00March 29, 2024

Department of Energy, a sub agency of Department of Energy, issued a payment of $1,200,000.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $1,260,000.00March 27, 2026

Department of Energy, a sub agency of Department of Energy, issued a payment of $1,260,000.00 to PORTLAND TERMINALS, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $0.00September 30, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PORTLAND TERMINALS, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00June 4, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $1,230,000.00March 28, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $1,230,000.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $0.00March 24, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $0.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $1,200,000.00March 29, 2024

Department of Energy, a sub agency of Department of Energy, issued a payment of $1,200,000.00 to PIKE FUELS LIMITED PARTNERSHIP. The payment included a Subsidy Cost of $0.00.