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  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...

  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 m...