Arkansas River Power Authority – Business Operations – Janury 2021 : The Prowers Journal
ARPA Retires its Power Revenue Refunding and Improvement Bonds Series 2010: ARPA directed UMB Bank, its bond trustee, to retire ARPA’s 2010 Bonds effective January 15, in the amount of $15,066,966. The retirement of the Bonds will reduce the Authority’s annual debt service by $1.23 million and was instrumental in ARPA’s ability to implement a 3.6% rate reduction in 2021. Update on the Dismantling of the LRP: Jackson Demolition, the demolition contractor for the LRP, mobilized to the project site on January 11. Perimeter fencing around the demolition site has been installed and the...
Source: theprowersjournal.com