Municipal Bond Credit Report: Ohio utility bonds will fund solar power purchase

Municipal Bond Credit Report: Ohio-based American Municipal Power will sell $56 million of bonds Tuesday to refinance debt it used to prepay for solar power from 13 solar power plants. AMP’s prepayment was negotiated between DG AMP Solar, a subsidiary of NextEra Energy Resources LLC and AMP, under a March 2018 power purchase agreement for solar facilities behind meters of AMP members. The seller builds, owns and operates all of the systems…. Link to Story