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Saber is currently the Investment Banker and Financial Advisor
to the Public Utility Commission of Texas. While engaged, Saber is overseeing the structuring, marketing and pricing of several billions of dollars of "Transition Bonds" authorized for Reliant Energy (now CenterPoint Energy), Central Power & Light Company (Texas Central Power & Light ) and TXU Electric Utilities (Oncor Electric Delivery Company).
Saber, at the direction of the Commission, is a joint decision-maker with each of the utilities on all aspects of the capital raising venture, an unprecedented role for a financial advisor. The assignment includes ensuring that the companies comply with PUC financing orders and that the structuring and pricing of the bonds achieves the lowest cost of funds at the time of pricing while promoting the competitive market for electricity in Texas. Saber has also created and advised on an extensive investor and financial analyst education program concerning the regulatory environment in Texas.
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