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Second clean-energy prepayment saves San Diego Community Power about $6.1 million annually through 2034, staff says
Summary
Staff reported results of a July 2025 clean-energy prepayment transaction: about $1.005 billion in bonds sold as certified green bonds (Moody’s A2 rating for the funding recipient), producing estimated annual savings of $6.1 million through 2034 and larger cumulative savings layered on a prior 2024 transaction.
San Diego Community Power staff told the Finance & Risk Management Committee that the agency’s second clean-energy prepayment transaction, executed in July 2025, produced an estimated $6.1 million in annual savings through 2034 and will layer additional savings on top of a November 2024 transaction.
Jeff Spangler, senior strategic finance manager, said the transaction sold just over $1.005 billion of…
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