Power providers face many challenges in today's environment. How can municipal power providers build the required infrastructure, remain flexible enough to respond to future opportunities, but still maintain their competitive rates and healthy financial position? PFM's public power practice helps many issuers answer this complex question by assisting providers in developing financial strategies to leverage their access to low-cost, tax-exempt financing.
Partnering with clients’ internal finance staff, PFM's public power professionals help effectively manage the entire balance sheet, not just debt, in order to help keep billing rates as low as possible in the current market. Our experience working with more than half of the 50 largest public power providers in the U.S. allows PFM to bring knowledge of the overall industry to bear on our clients’ behalf. PFM’s public power practice is an experienced and knowledgeable team with backgrounds in both municipal and agency finance and on Wall Street.
While PFM‘s financial advisors generally focus on the debt side of the balance sheet and strategic planning, PFM’s asset management professionals are focused on managing the assets of our public power clients. They provide asset management and consulting relating to cash and short-term assets, reserve and/or bond proceeds funds, along with retirement, nuclear decommission trust, or other multi-asset class portfolios.
Our extensive knowledge of both sides of the balance sheet allows us to identify asset management opportunities that can benefit our public power clients. These opportunities may manifest themselves in improving investment policy structure and guidelines, improving asset/liability or cash flow matching for construction projects, adjusting asset allocations to better mitigate various risks, or using structured products and other non-traditional assets to build custom portfolios to meet specific client needs.