California’s community choice aggregator Clean Power Alliance has arranged for the issuance of a municipal non-recourse Clean Energy Project Revenue Bond through the California Community Choice Financing Authority.
The nearly $1 billion bond issuance is expected to reduce CPA’s renewable energy costs by approximately $66.7 million over the initial eight-year period of the bonds, or an average of $8.3 million annually.
Energy prepayment bonds are long-term financial transactions available to municipal agencies like CPA to provide power procurement cost savings.
publicpower.com
by Paul Ciampoli
March 13, 2023