Public Power

Power providers face many challenges in today's environment. As deregulation, fuel prices and environmental concerns makes the economics of the industry more difficult, demand for power facilities continues to grow.

How can municipal power providers build the required infrastructure, remain flexible enough to respond to future opportunities, but still maintain their competitive rate position and healthy financial position? PFM's Public Power Group helps many issuers answer this complex question.

Public agencies have key competitive advantages that can be deployed to win new load effectively in the open market. PFM can help municipal power providers develop a strategy to leverage their access to low-cost, tax-exempt financing.

PFM partners with internal finance staff to effectively manage the entire balance sheet, not just the debt, in order to help keep the billing rates as low as possible in the current market. Our experience from working with over half of the 50 largest Public Power providers allows PFM to bring the knowledge of the overall industry to bear on our clients.

PFM has worked on a wide range of transactions in the Public Power sector. If projections call for a competitive new money financing, open market tender program, negotiated advance refunding, direct private placement, renewable energy financing or fuel prepayment, PFM can offer an experienced and knowledgeable team to support the transaction. We offer some of the industry's leading experts, as evidenced by their combined experience in Public Power, either on Wall Street or with municipalities in their finance and engineering departments.

The case studies below show how PFM enabled various public power clients meet their distinct financial goals:

• Energy Northwest
• MEAG Power
• New York Power Authority
• Southern California Public Power Authority