California Community Choice Financing Authority issues first municipal clean energy bonds
DECEMBER 6, 2021
California’s first municipal non-recourse Clean Energy Project Revenue Bonds issued today are valued at over $2 billion for thirty-year terms. The two separate bond issuances support the purchase of clean electricity to serve over 2.5 million residents and businesses in the Bay Area and Central Valley of California. Historically, it has been industry standard practice for municipal utilities to use the prepayment structure to reduce costs of natural gas. Now, these bonds apply the structure to the purchase of clean electricity.