ARPA Board Adopts 2021 Budget: At its December meeting the ARPA Board of Directors approved its operating budget for 2021 in the amount of $24,790,124. The 2021 Budget supports the Board’s goal to retire its 2010 bonds and to reduce its energy rate by approximately 3.6%. The budget as adopted, will ensure funding for operations, rate stability, and disposition of the Lamar Repowering Project. The budget includes: Revenues of approximately $30.41 million Power supply expense of approximately $14 million Transmission expense of approximately $3.6 million A&G expense of approximately $1.4 million Debt Service expense of $8.3 million ARPA Board Authorizes the Retirement of ARPA’s 2010 Bonds- Reduces Annual Debt Service by $1.23 Million. The ARPA Board of Directors adopted a Resolution authorizing the redemption of the Authority’s Power Revenue Improvement Bonds, Series 2010. The retirement of the Bonds, with an outstanding principal amount of $14.8 million, is anticipated to be complete by mid-January and will reduce the Authority’s annual debt service by $1.23 million. This is a critical element in the Authority’s long-term financial plan to reduce rates while keeping ARPA on strong financial footing.