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Presentation: prepayment financing can lower Community Power energy costs, advisor tells board
Summary
EFM Financial Advisors explained how prepayment financing lets San Diego Community Power use tax‑exempt bond proceeds to prepay long‑term power contracts, producing multi‑million dollar projected savings; the board received the file and asked no public questions.
San Diego Community Power staff and a municipal advisor presented a primer on clean energy prepayment financing at the board’s Feb. 27 meeting, describing how tax‑exempt bond proceeds issued by a conduit issuer can prepay portions of existing power purchase agreements to reduce ongoing PPA costs.
Chief Financial Officer Eric Washington introduced Mike Berwanger of EFM…
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