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HomeMy Public PortalAboutExhibit MIEC 98 - Second Discovery Request of Interveners Missouri Industrial Energy ConsumersExhibit MIEC 98 Wastewater and Stormwater Rate Change Proceeding — 2015 Second Discovery Requests of Intervenors MIEC 2. Did MSD analyze whether any of its proposed issuances and capital projects would qualify to meet green bond principle standards? Please explain. RESPONSE: 3. At the technical conference, Mr. Unverferth testified (at page 58 of the transcript) that "sewer assets or collection systems assets such as pipes or tunnels, you would hope that you're getting somewhere around 100 year life." Is MSD of the belief that the maturity of bonds should match the useful lives of the assets for which the bonds are used to finance? Please explain why or why not. RESPONSE: 4. Please estimate the expected useful operating lives of the major wastewater and storm water assets being developed in MSD's CIRP during FY17-FY20. RESPONSE: 5. Is it possible for MSD to issue bonds longer than the proposed 30-year maturity bonds? Please explain. RESPONSE: 6. Did MSD to consider bonds with maturities exceeding 30 years? If your answer is "no," please explain why not. If the answer is "yes," please explain why MSD is not proposing to issue bonds with terms exceeding 30 years. RESPONSE: 2 Wastewater and Stormwater Rate Change Proceeding — 2015 Second Discovery Requests of Intervenors MIEC 7. Are you aware of any other water or sewer districts that have issued bonds with maturities that exceed 30 years in the last five years? If your answer is "yes," please provide the following: the issuer of the bonds; the maturity of the bonds; the amount issued; and the coupon rate. RESPONSE: Dated: April 27, 2015 Respectfully submitted, BRYAN CAVE LLP By: Dana M. Vuylsteke, #424i9 Brandon W. Neuschafer, #53232 211 N. Broadway, Suite 3600 St. Louis, Missouri 63102 Telephone: (314) 259-2543 (Diana) Telephone: (314) 259-2317 (Brandon) Facsimile: (314) 259-2020 dmvuylsteke@bryancave.com bwneuschafer@bryancave.com ATTORNEYS FOR MIEC 3 Wastewater and Stormwater Rate Change Proceeding — 2015 Second Discovery Requests of Intervenors MIEC CERTIFICATE OF SERVICE The undersigned certifies that a copy of the foregoing was sent by electronic transmission to the following on this 27th day of April, 2015. Ms. Janice Fenton Office Associate Senior Metropolitan St. Louis Sewer District 2350 Market Street St. Louis, MO 63103 jfenton@stlmsd.com Ms. Susan Myers General Counsel Metropolitan St. Louis Sewer District 2350 Market Street St. Louis, MO 63103 smyers@stlmsd.com Mr. John Fox Arnold Lashly & Baer, P.C. 714 Locust Street St. Louis, MO 63101 jfarnold@lashlybaer.com Ms. Lisa O. Stump Lashly & Baer, P.C. 714 Locust Street St. Louis, MO 63101 lostump@lashlybaer.com Mr. Brad Goss Smith Amundsen, LLC 120 South Central Avenue, Suite 700 St. Louis, MO 63105-1794 bgoss@salawus.com 4