RFP II 10216697 Financial Advisory Services

The California Department of Water Resources is seeking a financial advisory services contractor through RFP II 10216697, with proposals due by April 29, 2026. The Contractor will provide comprehensive financial advisory services to support the Department of Water Resources Electric Power Fund (EPF) program, with primary responsibilities including management, coordination, and monitoring of all aspects of the Bond Portfolio and the wind-down of the EPF program. Key deliverables and objectives encompass regulatory and reporting compliance, bond portfolio management oversight, and litigation support related to the EPF program and Power Supply Bonds as needed. The procurement requires contractors to demonstrate expertise in financial advisory services, bond portfolio management, power supply financing, and regulatory compliance specific to public utility programs. Evaluation criteria will likely assess the contractor's experience with similar public power financing programs, bond management capabilities, knowledge of relevant state and federal regulatory frameworks, and ability to support complex litigation matters. Interested parties should submit proposals by the April 29, 2026 deadline; the RFP was officially posted on March 27, 2026.

The documentation provided does not specify set-aside designations, disadvantaged enterprise requirements, or restrictions limiting eligible respondents, suggesting the opportunity may be open to qualified contractors regardless of business classification. No incumbent contractor information or current vendor details are identified in the available materials. The contract encompasses integration with existing EPF program infrastructure, bond portfolio systems, and regulatory reporting mechanisms already in place at the Department of Water Resources. Specific contract value and budget information are not disclosed in the posted solicitation materials, though the nature of financial advisory services for a major power fund wind-down suggests a potentially substantial engagement. Prospective bidders should review the complete RFP documents for detailed award values, contract term specifications, and any additional technical or financial requirements not captured in this summary.