Request for Proposals (RFP) for Energy Prepayment Counsel
San Diego Community Power is seeking bond, tax, and/or disclosure counsel to structure and document an energy prepayment transaction refinancing existing Power Purchase Agreements across seven municipalities and the County of San Diego—a utility serving over $1.29 billion in annual revenues with $533.3 million in available liquidity. The engagement covers federal securities law compliance, tax structuring, and disclosure document preparation for the prepayment mechanism. SDCP will select from qualified counsel proposals for interview rounds.
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AI overview
San Diego Community Power (SDCP) is seeking bond, tax and/or disclosure counsel to provide assistance with legal responsibilities, federal securities law, disclosure documents, and tax law for an energy prepayment transaction on existing Power Purchase Agreements (PPAs). SDCP is the default electricity provider for the Cities of Chula Vista, Encinitas, Imperial Beach, La Mesa, National City, San Diego, and the County of San Diego. SDCP recorded an estimated $891.28 million in net operating revenues in FY 2022-23 and projects $1,292.5 million in net operating revenues in FY 2023-24. As of February 29, 2024, total SDCP cash reserves were $383.3 million and total available liquidity was $533.3 million. SDCP intends to use this solicitation to establish a short list of Proposers to invite for interviews. The RFP requires proposers to provide information on contemplated services, proposed team, prepay experience, CCA experience, prepay components, proposed fees, and references.
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Proposal Document
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