In the News: Recent Developments
“Saber Briefs South Carolina Regulators on Capital Market Issues”
“US Households Expected to Pay Higher Utility Bills for Decades”
“Utility Bills Rise as Americans Pay Off Storm-Recovery Costs for Decades to Come”
“Utility Regulators’ Interview Saber Partners’ CEO About Firm’s Expertise, Accomplishments”
“Recovery bond market set for issuance ‘waterfall’ – IFR News”
“Former Top Texas Utility Regulators Endorse Saber Partners as Top Utility Securitization Advisor and Ratepayer Advocate”
“North Carolina Utilities Commission Public Staff Releases Evaluation of Saber Partners Utility Securitization Advisory Services”
“Congress Should Suspend Payroll Taxes, Reduce Long-Term Unemployment”
“Southern California Edison Company hires Saber Partners, LLC as a Financial Advisor on Potential $1 Billion Securitization”
“North Carolina Utilities Commission Issues Storm Securitization Financing Order”
“PG&E: largest utility ABS ever wins approval”
“Unprecedented PG&E Ratepayer Bond Gets Final Okay”
“Possible hundreds of billions in US power plant securitizations spur ratepayer protection debate”
“Investors Leap on Rare Utility Recovery Bond ”
“APS’s plan for closing coal plants could be a gamechanger, analysts say, but who will pay?”
“Utility customers owe up to $40B in COVID-19 debt, but who will pay it?”
“PG&E Touts Biggest Ratepayer Bond in U.S. History”
“CPUC Judge Adds Ratepayer Protections to $337M SCE Bond”
“CPUC, Not SCE, Calls Shots on Ratepayer Bonds, Lawmaker Says”
“North Carolina Utilities Commission Public Staff Selects Saber Partners, LLC as Advisor on Utility Securitization”
“To Our Clients and Friends: COVID-19 Response”
“Traditional Ways of Paying for Fires, Floods Aren’t Cutting It: Utility companies are facing climate change-related costs so high they can no longer pass them directly to customers”
“Saber Partners’ CEO Joseph Fichera to Speak on Innovative Products at Hong Kong Securitization Conference”
“Securitization Fever: Renewables Advocates Seize Wall Street’s Innovative Way to End Coal”
“NARUC Electricity Committee Briefing on Utility Securitization”
“SURFA Securitization Presentation Details History, Uses and Issues with Utility Securitization”
“Saber Partners’ CEO Joseph Fichera Speaks at Society of Utility Regulatory Financial Analyst Conference”
“Coal Plant Closure Bonds Gain Steam With Shift In Power Mix”
“New Mexico Lawmakers Mull Securitization to Hasten Coal-Fired Plant Closures; Saber Partners Discusses “Best Practices” with Regulators”
“National Regulatory Research Institute Publishes “Insights” Article on Utility Securitization By Saber CEO, Joseph Fichera”
“Florida PSC Letter Describes Saber Partners’ Performance as Financial Advisor”
“California Regulatory Commission Has Saber & PGE Testify on Securitization; PGE & Saber Agree on Financing Tool”
“National Italian American Foundation (NIAF) Honors Saber CEO Joseph Fichera with Special Achievement Award in Finance; Presentation to More than 800 at New York Gala”
“Saber Provides Detailed, Expert Testimony on Utility Securitization in California Public Utility Commission Proceeding on Community Choice and Exit Fees”
“Hurricane Irma / Florida Power & Light – A Case Study of Federal Tax Law Changes and Florida’s Storm Recovery Financing Act – $200 Million in Savings Swept Away”
“BofA Pays Tutor Perini $37M to Settle Fraud Case (Saber Provided Expert Analysis and Testimony to Tutor Perini)”
“Testimony of Saber CEO, Joseph S. Fichera, Before Colorado Senate on Proposed “Colorado Energy Impact Assistance” Legislation”
“Colorado Opens Door to Utility-Fee Deals”
“Why This Florida Regulator is Crying Foul Over Two Letters”
“Puerto Rico Electric Power Authority’s rate burden to face renewed scrutiny”
“Duke Energy Bond Chooses Corp. Bond Audience Over ABS”
“Duke’s Utility Fee Securitization Sets Important Precedent”
“Barclays Risk Analytics and Index Solutions, Technical Note:Classification of Duke Energy Florida Project Finance, LLC”
“Nuclear Asset-Recovery Bonds Issued for Duke Energy Florida LLC”
“Florida Ratepayers, Regulators Speak on Saber Partners’ Effectiveness”
“Utility Securitization Bills Advance in Florida”
“Funding Sought for Nuclear-Plant Shutdowns”
“Martin O’Malley’s Message for Bankers: Pull Over!”
“SEC Commissioner Stein Says Overlooking Bank Criminal Activity Will Lead To Further Criminal Activity”
“Risky CPS debt raises questions about SEC protections for governments”
“Good Medicine for Bad Bankers”
“Wall Street needs a lesson from the DMV”
“Make the SEC like the DMV”
“Banks Kept CPS in Shaky Bond Market”
“The S.E.C. Should Copy the D.M.V.”
“Saber Partners, LLC’s Chief Executive Officer (CEO), Joseph Fichera, Hospitalized”
“Investors Pay More for Munis than Dealers, MSRB Report Shows”
“Alabama Utility Shows How to Win Back Bank Swap Fee: Muni Credit”
“Were Detroit’s Swaps Unfair?”
“Appalachian Power prices USD 380.3m utility ABS; tranches in line with, tight of talk”
“Price Transparency and the ABS Market”
“FirstEnergy Tests Market Appetite for Utility ABS”
“Saber Partners Sees Strong Investor Demand, Low Coupons for FirstEnergy Pass-Through Certificates”
“Denver Pays Wall Street $216 Million as Swaps Fail: Muni Credit”
“Ex-Jefferies Arrest Shows Market Lacking Transparency: Mortgages”
“Clean Up: Financing the Retirement and Remediation of Coal-fired Power Plants”
“MSRB to Change ARS Data As Urged by Advisor”
“Municipal-Bond Regulator to Change Auction Rate Securities Data”
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“Securitization May Prove to be Effective Cost Recovery Option” May 2020
Company Profile
Engagements
Management
Advisory Board
Research
Auction Rate Securities ("ARS") Problems and Solutions
Utility Finance, Securitization, ROC Bonds: Lowering the Cost of Capital for Utilities and the Cost of Power for Consumers
Client Testimonials
Joseph Sebastian Fichera Disclosure Documents: Answers to Senator Charles E. Schumer Candidate Questionnaire for Federal Nomination 2018
2006 Securitization Testimony on Ratepayer Obligation Charge or Rate Reduction Bonds Before the Florida Public Service Commission
Press Coverage
Newspapers, Journals, and Publications
Broadcast Media and Videos
Press Releases
Op-Ed
Blog
2015 Saber Partners’ Florida Securitization Testimony
Contact
2015 & 2006 Saber Partners’ Expert Testimony on Behalf of Florida Public Service Commission Staff and Ratepayer Protections
2015 and 2006 Testimony on Ratepayer Obligation Charge or Rate Reduction Bonds Before the Florida Public Service Commission
Client Testimonials on Saber's Utility Securitization Work
Missouri Public Service Commission Information Session on Securitization October 28, 2020
A 20-Year Track Record of Success for Regulators in Investor-Owned Utility Securitization with Regulators by the Current Saber Team
On the Record: Florida Utility Customers, Regulators Speak on Saber Partners’ Effectiveness
Merrill Lynch BofA Classification of DEF +
Testimony of Saber Partners and the Cross-Examination by Duke Energy Carolinas and Duke Energy Progress Regarding Their Petition for ~$1 Billion in Ratepayer-Backed Bonds
Citigroup Classification of DEF +
Question 13-e
Question 14-b
Question 29
Senate Questionnaire Response
Testimony in In Support of Office of the People's Counsel
Letter of Reference from Commissioners Pat Wood (Chairman), Brett Perlman and Rebecca Klein (Chairman)
Excerpt 2019a_236_signed - Article 41 Colorado Energy Impact Act