TDPUDTruckee Donner Public Utility District
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References in periodicals archive ?
STEP-UP PROVISION: A 25% step-up provision in the PSCs provides additional bondholder protection against limited instances of participant default, with the exception of the largest participant, Truckee Donner Public Utility District (TDPUD; 26.3% entitlement share).
TRUCKEE DONNER PUD: TDPUD's credit quality effectively serves as a cap on the project rating given bondholder's direct exposure to the utility.
While bondholders have direct exposure to TDPUD (26.3% entitlement share), Fitch believes the TDPUD's credit quality sufficiently supports the project's rating.