BPUB

AcronymDefinition
BPUBBrownsville Public Utilities Board (Brownsville, TX)
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After being shortlisted based on their qualifications and later awarded the work based upon their project approach and qualifications, CH2M Hill, a global leader in consulting, design, design-build, operations and program management, was selected by BPUB as the At Risk Design-Builder.
Meeting the compliance deadline was the driving force compelling BPUB to design and build this project as quickly as possible.
The senior BPUB bonds are secured by net revenues derived from the combined utility systems.
Sharyland and BPUB have been studying the project for over two years and jointly proposed the Cross Valley project back in May 2011.
The 'A' rating on the Southmost Regional Water Authority (SRWA) reflects the unconditional take-or-pay contracts with the participants, of which BPUB is the largest at 92.
SECURITY: The senior BPUB bonds are secured by net revenues derived from the combined utility systems.
Regarding fuel price exposure, BPUB has not historically entered into any financial derivatives to hedge fuel prices, instead choosing to hedge price changes with internal liquidity and defer credits to customers when rates are higher than fuel costs.
BPUB has a considerable capital expenditure program totaling $433.
While SRWA is the full owner of the project, BPUB performs all administrative functions of the authority, including system operations.
BPUB is a combined utility system, located in Texas' Rio Grande Valley, providing electric, water, and wastewater services to the City of Brownsville.
BPUB expects to price the bonds by early next year.
Credit concerns include a relatively tight construction schedule and the risks associated with the underlying credit of BPUB (see below).