Unprecedented PG&E Ratepayer Bond Gets Final Okay

6 May 2021

The California Public Utilities Commission unanimously approved the financing order setting parameters for Pacific Gas & Electric’s unprecedented 30-year, $7.5 billion ratepayer financed securitization. It is the largest and lengthiest utility bond securitization in U.S. history, according to Joseph Fichera, Saber Partners CEO. On May 6, the CPUC approved the order detailing the financial terms…

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