Prepay Counterparty for an Energy Prepayment Transaction
Orange County Power Authority, a Southern California CCA serving 177,000 accounts and 2,185 GWh annually, is seeking a financial institution to structure and close its first energy prepayment transaction by March 31, 2026—underwriting deals potentially based on forward energy curves, short-term contracts, REC value components, and SPV structures. OCPA's growing footprint across Buena Park, Fullerton, Irvine, and Fountain Valley (adding late 2026) makes this an entry point into a mid-sized CCA financing program with room for future scaling.
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AI overview
Orange County Power Authority (OCPA) is seeking proposals from qualified financial institutions to provide Prepay Counterparty services for an Energy Prepayment Transaction. The selected consultant will support OCPA in structuring and closing its first prepayment transaction, anticipated by March 31, 2026. OCPA is a Community Choice Aggregator (CCA) that launched service in 2022 and currently serves more than 177,000 customer accounts with an annual load of 2,185 GWh within the Southern California Edison service territory. Member cities include Buena Park, Fullerton, Irvine, and Fountain Valley (scheduled for enrollment in late 2026). The scope of services includes providing underwriting capabilities, structuring prepayment transactions potentially based on forward energy curves, providing short-term energy contracts if needed, structuring transactions that include Renewable Energy Credits (RECs) value, and potential SPV structures. The selected consultant must possess technical expertise, depth of experience, and availability necessary to support OCPA in successfully completing its first prepayment transaction.
Resources & contact
Proposal Document
View proposal documentSolicitation number
25 – 006 – RFP
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