and sub series c, hechi. it will be sold and not to exceed $400 million in a competitive sale. they're tax-exempt, pretty standard, pretty conventional. i would like to note that sub series a will be designated as green bonds. we plan it use some of the bond proceeds to refund water commercial pay outstanding. we won't need to go to the board again for this and i would like to confirm that these bonds are being issued in compliance and accordance with debt management policies and procedures last updated and approved by the commission this past august. this is a table showing the sources and uses of the bond proceeds for the three series. i will not go through it in detail, but some of the high points are two years of capitalized interest, in accordance with the 10-year financial plan. $277 million will be for projects and $90 million for commercial paper. and there will be no reserve fund needed for this transaction. so this slide is something new. you've never seen this before. we've never had to do this before. and in october, this past october, the state enacting regulation,