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PUC previews large bond issuances and adopts combined ratepayer assurance policy
Summary
CFO Eric Sandler previewed planned water and wastewater bond transactions (about $400M water, $370M wastewater) and a potential credit facility for Clean Power SF; the commission also adopted a combined Ratepayer Assurance Policy consolidating prior rates and ratepayer assurance policies.
The San Francisco Public Utilities Commission received a fiscal and policy update that included a preview of sizeable financing transactions and the adoption of a restructured ratepayer assurance policy.
CFO and Assistant General Manager Eric Sandler described the PUC's outstanding debt portfolio and near‑term financing plans. He said the commission currently oversees roughly $4.2 billion in outstanding water revenue bonds, about $1.0 billion in wastewater revenue bonds and approximately $40 million in power revenue bonds. Sandler told commissioners the PUC anticipates coming to…
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