San Francisco Public Utilities Commission provides retail drinking water & wastewater services to the City of San Francisco, wholesale water to three Bay Area counties, green hydroelectric & solar power to Hetch Hetchy electricity customers, and power to the residents & businesses of San Francisco through the CleanPowerSF program.
They are comprised of three essential 24/7 service utilities: Water, Wastewater and Power. Their annual operating budget is over USD $1 billion.
In a world first, the San Francisco Public Utilities Commission (SFPUC) has issued a Water Infrastructure Bond certified under the Climate Bonds Standard.
Proceeds from the bond in May 2016 will fund eligible projects in sustainable storm water management and wastewater projects included in the Sewer System Improvement Program (SSIP) Phase 1.
Proceeds from the bonds in December 2016 and December 2017 will fund the Water System Improvement Program (WSIP), a $4.8 billion dollar, multi-year capital program to upgrade regional and local water systems. This is one of the largest water infrastructure projects in US.
|
Issue Month |
Name of Bond |
Size |
Jurisdiction |
Sector Criteria |
Verifier's Report |
Ongoing Compliance Reports | Further information |
|---|---|---|---|---|---|---|---|
| May 2016 | Wastewater Series 2016 A | USD 240m | San Francisco | Water | Sustainalytics pre issue report |
Green Bond Framework and Second Party Opinion by Sustainalytics |
|
| December 2016 | Water Series 2016 C | USD 259m | San Francisco | Water | Sustainalytics pre issuance report | ||
| December 2017 | Water Revenue Refunding 2017 Series D and Series G | USD 384.5m | San Francisco | Water | Sustainalytics pre issuance report | ||
| December 2017 | Water Revenue Bond 2017 Series A |
USD 121m |
San Francisco | Water | Sustainalytics pre issuance report | ||
| August 2018 |
Wastewater Series 2018 A and C |
USD 408m | San Francisco | Water | Sustainalytics pre issuance report | 2019 Annual Report Wastewater | |
| January 2020 | Water Revenue Bonds 2019 Series A | USD 622.58m | San Francisco | Water | using previous pre issuance verifications | ||
| September 2020 | Water Revenue Bonds 2020 Series A | USD 150.895m | San Francisco | Water | using previous pre issuance verifications | ||
| October 2020 | Water Revenue Bonds 2020 Series E | USD 341.435m | San Francisco | Water | using previous pre issuance verifications | EMMA Statement |
Note: Programmatic Issuance starting from the Water Series 2016 C bond in December 2016; subsequent bonds use this same report also.