San Diego Community Power (SDCP) is seeking an underwriter firm to structure an energy prepayment program for existing Power Purchase Agreements (PPAs). SDCP is the default electricity provider for the Cities of Chula Vista, Encinitas, Imperial Beach, La Mesa, National City, and San Diego and the County of San Diego. SDCP began service in 2021 and completed enrolling approximately 960,000 customer accounts in 2023. The prepayment transaction aims to achieve cost savings on existing PPAs. SDCP recorded an estimated $891.28 million in net operating revenues in FY 2022-23 and projects $1,292.5 million in net operating revenues in FY 2023-24. As of February 29, 2024, total SDCP cash reserves were $383.3 million and total available liquidity (including lines of credit) was $533.3 million. SDCP intends to use this solicitation to establish a short list of firms to invite for interviews.