The Southern California Public Power Authority (SCPPA) is soliciting competitive proposals from qualified municipal advisory firms to provide comprehensive financial advisory services for a five-year term with an option to extend upon mutual agreement. The agreement is subject to termination without cause by either party upon thirty days' written notice.
SCPPA is a joint powers authority consisting of eleven cities and one irrigation district in Southern California, including the municipal utilities of Anaheim, Azusa, Banning, Burbank, Cerritos, Colton, Glendale, Los Angeles, Pasadena, Riverside, and Vernon, and the Imperial Irrigation District. The Authority currently owns or manages 49 projects ranging from natural gas-fired generation to utility-scale wind, solar, storage, and geothermal projects. SCPPA anticipates continued focus on procurement of generation and transmission resources to assist members in meeting state-mandated renewable energy objectives, administration of ongoing developed projects, debt control and monitoring, regulatory disclosures, refunding activities, and optimization of bond and financial implications.
The selected firm will be required to provide base-level services including updating and implementing financing strategies; providing information and forecasts on economic, capital market, and money market conditions; advising on security sales timing, method, and structure; assisting in preparing documents for security offerings; ensuring compliance with applicable laws and regulations; forming and implementing rating strategies; evaluating syndicate performance; assisting with debt restructuring; reviewing impactful legislation; soliciting bids for escrow funds, insurance, and swaps; negotiating derivative contracts; preparing special financial studies; assisting with Dodd Frank compliance and regulatory requirements; managing mark-to-market valuations of swaps; implementing swap procurement processes; providing fair value opinions on swap transactions; advising on derivatives market conditions and regulatory issues; providing swap valuation reporting and GASB 72 compliance; assisting with auditor disclosures; and attending monthly Finance Committee meetings with presentations as needed.
Key dates include the RFP issuance on November 3, 2025, clarification questions deadline of November 14, 2025, responses to clarification questions due November 21, 2025, and proposal submission deadline of December 4, 2025. Proposal reviews are anticipated for December 2025, with interviews potentially occurring in December 2025 or January 2026. Selection of respondent(s) for negotiation is expected in December 2025 or January 2026, with Notice of Intent to Award following in February 2026.