Served as energy and swap counsel to SEA, a cooperative district headquartered in Andalusia, Alabama, in closing on the largest ever energy prepayment transaction on the municipal market for the purchase of an approximately 30-year supply of energy from an affiliate of J.P. Morgan that was financed by SEA’s issuance of $2,698,175,000 of tax-exempt revenue bonds (Series 2025E). Under the transaction, SEA will provide discounted energy supply 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 provide significant cost savings to SRP and the consumers it serves on its electricity for many years.
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