California Authority Plans $950 Million Bond Sale for Electricity Prepayments

Morningstar

The California Community Choice Financing Authority said it plans to sell $950 million of clean energy project revenue bonds.

Proceeds from the Series 2025F green bonds will be used to prepay for about 30 years of electricity deliveries. The supplier, Energy Prepay IX LLC, is owned by Morgan Stanley Capital Group.

CCCFA will sell the acquired electricity to Silicon Valley Clean Energy, which provides energy to about 700,000 residents and businesses.

Read more here: California Authority Plans $950 Million Bond Sale for Electricity Prepayments | Morningstar

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