P3 as a Utility ™ (P3U)Ashley Cain2020-09-01T13:58:15-07:00

P3 as a UTILITY (P3U)™

PPP Without Privatization or Debt Using a Simple and Flexible, Month-to-Month Utility Agreement

A Public Private Partnership for Essential Infrastructure

THIS IS A COOPERATIVE ARRANGEMENT THAT EFFICIENTLY FUNDS

MODERNIZATION AND CONTINUED STATE OF GOOD REPAIR

Identify target infrastructure and roles of utility – upgrade / design / build / commission / fund / maintain
Decide public preference to own, procure, operate, fund, guarantee, maintain and upgrade
SP optimizes the economics, risks, speed, reliability and flexibility to deliver options for the monthly utility usage, availability and capacity fees

Infrastructure is entirely in the public’s control

P3U agreement can be cancelled at any time without penalties or fees with public retaining ownership

No margins are added to materials, installation, design or capital

Fully compliant procurement options

Open book accounting, contracts, warranties, designs and documentation; 100% transparency by design

State of Good Repair ensured through 24×7 monitoring and real-time alerts to accomplish reliability and performance

Continuous maintenance and modernization

Increase Capital Control & Infrastructure Effectiveness

100% Secure

Transparency and alignment resulting in lowest total cost of usage and risk

Month-to-Month

Simple, public agency friendly agreement
Flexibility to terminate at any time; no penalties or fees
Customized usage based on a measurable attribute that varies with your revenue

Optimization

Additional funds as needed to cover maintenance, upgrades or modernization
Underwriting sources at zero cost of capital and low yield caps for rate structuring

All forms of PPP other than concessions and utilities result in increased public debt which adversely affects credit. As a utility agreement, the P3U isn’t debt. Since it is cancellable at any time, the incentive for not doing so is for the infrastructure to be continuously reliable, safe, effective and low cost. SP always provides infrastructure with extra capacity, extreme durability, ease of upgrades and 24X7 cloud monitoring of performance sensors.

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