On October 23, the Oklahoma Municipal Power Authority successfully closed on its $266.98 million Power Supply System Revenue and Refunding Bonds, Series 2025A -- a major step in strengthening the long-term reliability and affordability of power for its 43 member cities, OMPA reported in the latest issue of its Outlet newsletter.
The Series 2025A bonds will support several key initiatives, including investment in new generation capacity to meet Southwest Power Pool reserve requirements and refinancing portions of existing debt to reduce costs for members.
“These plans align with OMPA’s ongoing commitment to maintaining a resilient, diversified power portfolio that benefits communities statewide,” OMPA said.
In August, both S&P Global Ratings and Fitch Ratings assigned the Series 2025A bonds an ‘A’ rating with a stable outlook, reaffirming OMPA’s strong financial standing and disciplined management practices.
The agencies cited OMPA’s long-term, take-and-pay contracts, adaptable rate structure, and diverse mix of traditional, renewable, and battery storage resources as key strengths.
Goldman Sachs served as Senior Underwriter for the transaction, with RBC Capital Markets and Raymond James acting as Co-Managers.
The financing supports OMPA’s broader capital investment strategy -- more than $350 million in planned improvements over the next five years -- aimed at bolstering grid reliability and meeting future energy demands for member communities across Oklahoma.
