California retail investors will receive priority as SMUD continues to fund grid upgrades and clean energy projects
Sacramento, Calif. – SMUD proudly announces that it plans to issue approximately $250 million of Electric Revenue Bonds and Subordinated Electric Revenue Bonds (the “Bonds”) during the month of June 2026. The Bonds consist of Green Bonds with a second party opinion provided by Kestrel.
Since 2019, SMUD has been issuing green bonds and was the first municipal utility in the nation to issue green commercial paper in 2025. These offerings build on SMUD’s strong record of responsible financial management and climate leadership, and provide retail investors an ability to invest in SMUD’s carbon reduction efforts…