PULSE Funds Public Energy Projects
The California Consumer Power and Conservation Financing Authority
(CPA) in inviting cities, counties, special districts, schools,
colleges and state agencies to take advantage of the Public Leadership
Solutions for Energy (PULSE) fund to help manage their energy needs
and costs.
The new loan pool overcomes limitations of other State energy loan
programs by supporting larger transactions, a broader range of eligible
technologies, and longer loan terms.
Eligible projects include energy efficiency, advanced building
metering and controls, thermal storage, on-site renewable energy,
on-site distributed generation, and incremental costs of exceeding
Title 24 building energy standards in new construction and major
renovations. Project costs such as feasibility/engineering design,
performance guarantees, equipment warranties, project management,
and equipment can be included.
Loan amounts start at $2 million and can be taken in stages with
no maximum amount. Repayment periods can be as long as the expected
life of the project.
It is anticipated that bond issues will be made twice a year, or
more frequently depending on demand. The first issuance, expected
to be in the $50-100 million range, should occur this fall. CPA
is soliciting letters of interest to help determine the issuance
amount.
For more information, contact Lynne Butler at (916) 651-9750, or
cpapublicloans@dgs.ca.gov;
or visit the CPA web site at http://www.capowerauthority.ca.gov/.
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