Served as energy and swap counsel to SEA, a cooperative district headquartered in Andalusia, Alabama, in closing on an electric prepayment transaction for the purchase of a long-term supply of electricity from an affiliate of Goldman Sachs that was financed by SEA’s issuance of $783,360,000 of tax-example revenue bonds (Series 2025D). Under the funded transaction, SEA will provide discounted electricity to the Salt River Project (SRP), the municipal entity serving the Phoenix, Arizona area, as part of its electricity sales to retail customers in its service area. The transaction will save SRP and the consumers it serves approximately 7.6% on its electricity for many years into the future under certain of SRP’s contracts for renewable electricity.
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