Oklahoma Gov. Kevin Stitt recently signed into law a bill that will increase the maximum bond capacity for the Grand River Dam Authority from $2 billion to $3.6 billion.
“We appreciate the support provided by the Oklahoma legislature and the governor in enabling us to adopt a proactive approach to addressing the future generation investments necessary to provide low-cost, reliable electricity to our municipal and commercial customers,” John Wiscaver, Executive Vice President for GRDA, said.
“Ultimately this benefits everyone we serve by providing attractive rates and improving our competitiveness in job creation and economic growth within Oklahoma,” he said.
“GRDA is committed to having the generation capability to meet the growing power needs in Oklahoma and to being a solution in fueling the engine for economic growth. We are currently assessing our next steps in terms of planning for these investments. GRDA looks forward to the opportunity to partner with our customers to meet their growing needs while creating value for them and ultimately the state of Oklahoma,” Wiscaver said.
Stitt signed HB 1422 into law on May 28.
GRDA is a joint action agency.
