Middle Fork Project Finance Authority
County of Placer
Authority Purpose: The Middle Fork Project Finance Authority was established to serve the mutual
interests of Placer County and Placer County Water Agency (PCWA), exclusively, to provide for the
financing of studies, programs, procedures, projects, services, improvements, modifications, and
other costs that may be required to obtain a new Federal Energy Regulatory Commission (FERC)
license or which may be completed under the current or subsequent FERC license of the Middle
Fork American River Project (MFP) by PCWA http://relicensing.pcwa.net/, to approve Future Electrical
Energy Sales, and to distribute the revenues from future electrical energy sales.
Governing Board Structure: 4 member Board of Directors consisting of 2 members of the Placer
County Board of Supervisors and 2 members of the Placer County Water Agency Board of Directors.
The Board is known as the “Board of Directors of the Middle Fork Project Finance Authority” (MFPFA).
Authority of the MFPFA (a Joint Powers Authority): Approval of any new power sale contracts is
delegated to the Authority by both the County and PCWA. All revenues from the power sale
contracts will flow through the Authority to provide for debt repayment and operations and
maintenance of the MFP.
Meetings are held on the third Thursday of February, May, August & November at 10:00 a.m. in
the American River Room, Placer County Water Agency, 144 Ferguson Road Auburn, CA
|County Contact Person
||PCWA Contact Person|
|Beverly Roberts, Executive Secretary
||Cheri Sprunck, Agency Secretary/Clerk of the Board|
||(530) 823-4860 |
|Placer County Water Agency
||County of Placer|
|Alex Ferreira, PCWA Board of Directors, District 2
||Robert Weygandt,Placer County Supervisor, District 2|
|Mike Lee, PCWA Board of Directors, District 4
||Jim Holmes, Placer County Supervisor, District 3|