Bay Area Water Supply & Conservation Agency
Reducing Water Costs Across the Spectrum
How can 1.7 million people, businesses and communities across three counties gain access to clean water at more affordable costs? Taking a leading role in helping the Bay Area Water Supply & Conservation Agency issue water revenue refunding bonds valued at $334.5 million, Goldman Sachs was able to assist an important regional agency in tapping into the capital markets to reduce borrowing costs and better serve its customers. Through this transaction, the agency — which represents the interests of 24 cities and water districts, as well as two private utilities — was able to realize significant interest cost savings for its members.