Analysis of Debt Leveraging in Private Power Projects

Publication Type

Report

Date Published

08/1992

LBNL Report Number

LBNL-32487

Abstract

I n this study we examine the project finance mechanisms used in private power lending in detail, relying on a sample of actual loan documents. This review and its findings should be relevant to the further evolution of this debate. State regulatory commissions are likely to be interested in it, and Federal legislation to amend the Public Utility Holding Company Act (PUHCA) could require states to consider the implications of debt leveraging in relation to their oversight of utility power purchase programs.

Year of Publication

1992

Pagination

72