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Anaheim approves up to $275 million in utility bonds to refinance debt, fund electric upgrades
Summary
The City Council authorized the Anaheim Housing and Public Improvements Authority to issue revenue and refunding bonds not to exceed $275 million to refinance existing electric utility debt and finance distribution system projects, a move city staff said will save interest costs and support capital improvements.
The Anaheim City Council on Aug. 12 approved a resolution authorizing the Anaheim Housing and Public Improvements Authority to issue revenue bonds (series 2025-A) and refunding bonds (series 2025-B) in an aggregate principal amount not to exceed $275,000,000 to refinance electric utility debt and support planned infrastructure projects.
Assistant General Manager of Finance and Energy Resources Brian Bielner told the council that the utility’s system is valued at about $1,500,000,000 and “serves more than 350,000 residents and 15,000 businesses.” He said the refinancing candidates total roughly $173…
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