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Learn about the Team at San Francisco Public Utilities Commission Investor Relations, including our Debt Manager and Chief Financial Officer/Assistant General Manager of Business Services.
Richard Morales is the Debt Manager of the San Francisco Public Utilities Commission (SFPUC), having joined the agency in 2011. The SFPUC is a water, sewer and power utility department of the City and County of San Francisco. Rich manages all debt issuance and debt administration activities for the SFPUC’s three enterprises. In this regard, he oversees the issuance of water revenue bonds, commercial paper and state loans to fund the Water Enterprise capital program, including the $4.8 billion Water System Improvement Program (WSIP); wastewater revenue bonds, commercial paper and state and federal loans to fund the Wastewater Enterprise capital program, including the $6.9 billion Sewer System Improvement Program (SSIP); and power revenue bonds, federal subsidy bonds and commercial paper to fund the Power Enterprise capital program.
Prior to joining the SFPUC, Rich worked in the private sector as a municipal advisor and investment banker serving state and local governments in their debt issuance activities.
Eric Sandler is Chief Financial Officer/Assistant General Manager of Business Services and is responsible for managing a range of internal and external service functions of the Commission including Finance, Customer Service, Information Technology, and Assurance and Internal Controls.
Appointed in 2015, he has over 25 years of experience in municipal and infrastructure financing. Prior to joining the Commission he served as Director of Finance for the East Bay Municipal Utility District, Director of Finance/Treasurer for the San Diego County Water Authority and Director of Financial Planning for the SFPUC. Before joining public service Eric worked in several infrastructure finance positions including renewable energy project finance and municipal investment banking.
Eric serves on boards and committees of various industry organizations including the Association of California Water Agencies (ACWA) and the National Association of Clean Water Agencies. He has a Bachelor’s degree in Biology from Stanford University and a Master’s degree in Business Administration from the University of California, Berkeley.