Util Sys Sub Lien Rev Notes Txbl Ser (ERCOT Financial Security)
$19,120,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- November 30, 2023
- Fiscal year issued
- 2024
- Par amount
- $20,005,000
- New money / refunding
- $20,005,000 / $0
- Pledge
- Revenue
- Purpose
- Combined utility system
- Sale
- Private placement
- Final maturity
- August 31, 2053
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service |
|---|---|---|---|
| 2025 | $19,120,000 | $16,811,750 | $35,931,750 |
| 2024 | $19,430,000 | $17,783,250 | $37,213,250 |
Costs of issuance
Download CSVOne-time costs reported: $250,948, or $12.54 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| ATR form prep | Not reported | One time | $9,500.00 | $0.47 |
| Bank counsel | Chapman & Cutler LLP | One time | $55,000.00 | $2.75 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $1,500.00 | $0.08 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $500.00 | $0.03 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $67,510.00 | $3.37 |
| Financial advisor | Specialized Public Finance Inc | One time | $72,937.50 | $3.65 |
| Other costs | Specialized Public Finance Inc | One time | $500.00 | $0.03 |
| Paying agent and registrar | Bank of New York Mellon Trust Co | Annual | $500.00 | $0.03 |
| Paying agent and registrar | Bank of New York Mellon Trust Co | One time | $3,500.00 | $0.18 |
| Rating agency | Fitch | One time | $40,000.00 | $2.00 |
Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 3, 2026.
Texas fiscal years run September 1 to August 31.
Figures are as reported to the agency and have not been independently verified.