JPA - Middle Fork Project Finance Authority
On January 10, 2006, PCWA and the County of Placer entered into a Joint Powers Agreement that called for the formation of the “Middle Fork Project Finance Authority” (MFPFA or MFP Finance Authority or Authority). Link to the County of Placer MFP Finance Authority webpage.
MFP Finance Authority Board Meeting Information
| Date/Time | Location |
|---|---|
|
July 18, 2013 10:00 a.m. |
PCWA - American River Room 144 Ferguson Road, Auburn, California |
Purpose of the MFP Finance Authority
The purpose of the Authority is to serve the mutual interests of the County and PCWA, exclusively, to provide for the financing of studies, programs, procedures, projects, services, improvements, modifications, and other costs that may be required to obtain a new Federal Energy Regulatory Commission (FERC) license or which may be completed under the current or subsequent FERC license of the Middle Fork Hydroelectric Project by PCWA, to approve Future Electrical Energy Sales, and to distribute revenues from Future Electrical Energy Sales.
Powers of the MFP Finance Authority
The MFP Finance Authority has the power to:
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Issue bonds to finance MFP relicensing, improvements and operations
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Review and approve the annual MFP operating budget
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Review and approve contracts for the sale of electrical energy
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Distribute the net revenues from the sale of electrical energy
Structure of the MFP Finance Authority
The MFP Finance Authority Board of Directors consists of 4 members: 2 members from the Placer County Board of Supervisors and 2 members for the PCWA Board of Directors.
Board of Directors of MFP Finance Authority
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Alex Ferreira, PCWA Board of Director Member
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Jim Holmes, Placer County Board of Supervisor Member*
- Mike Lee, PCWA Board of Director Member
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Robert Weygandt, Placer County Board of Supervisor Member
* Current MFP Finance Authority Chair.
Officers of MFP Finance Authority
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Executive Director: David Breninger, PCWA General Manager
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Secretary: David Boesch, Placer County Executive Officer
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Treasurer: Joseph Parker, PCWA Director of Financial Services
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Legal Advisor: Ed Tiedemann, PCWA Legal Counsel
Currently, the MFP Finance Authority has no staff.
