Public power relies on municipal bonds to develop all kinds of projects. From 2014 to 2023, public power financed 751 projects for $69.8 billion. About 10% of all projects across the U.S. funded by municipal bonds from this time were for power-related projects.

With $15.7 billion in new money bonds issued for power-related projects, 2023 was the highest year for power-related bonds in more than a decade. And 2024 continued to see increased issuances.

Here’s a look at some of the public power projects across the country #BuiltbyBonds.

U.S. map showing location markers at places with electric projects built using municipal bonds

green location marker icon Middletown, PA: Middletown Borough Electric, Spruce Street Substation, $11M
green location marker icon Huntsville, AL: Huntsville Utilities, New Operations Center, $38.3M
green location marker icon Lakeland, FL: Lakeland Electric, McIntosh Reciprocating Engine Plant, $155.8M
green location marker icon Geneva, IL: City of Geneva Electric Division, generation facility and underground rebuild, $17.6M
green location marker icon Bedford, KY: Illinois Municipal Electric Agency, Trimble County Generating Station, $239.1M
green location marker icon Franklin Furnace, OH: American Municipal Power, Greenup Hydroelectric Project, $125.6M
green location marker icon Lafayette, LA: Lafayette Utilities System, street light upgrades, $8.7M
green location marker icon Conway, AR: Conway Corp, operations center, $37.5M
green location marker icon Stoughton, WI: Stoughton Utilities, solar installation, $1.8M
green location marker icon Shawano, WI: Shawano Municipal Utilities, headquarters, $12.5M
green location marker icon Ponca City, OK: Oklahoma Municipal Power Authority, Charles D. Lamb Energy Center, $107.1M
green location marker icon Coffeyville, KS: Coffeyville Municipal Light & Power, Generation Facility #2, $56.1M
green location marker icon Pella, IA: Missouri River Energy Services, Red Rock Hydroelectric Project, $394.9M
green location marker icon Negaunee, MI: City of Negaunee, substation, $7.3M
green location marker icon Minnesota: Western Minnesota Municipal Power Agency, integrated transmission system, $23.4M
green location marker icon Idaho Falls, ID: Idaho Falls Power, peak generation plant, $38M
green location marker icon Heber City, UT: Heber Light & Power, Second Point of Interconnect, $22M
green location marker icon Pinal County, AZ: Electrical District No. 3, distribution system, $100M
green location marker icon Salkum, WA: Tacoma Power, Cowlitz Salmon Hatchery Barrier Dam Repair, $12.1M
green location marker icon Pasco, WA: Franklin PUD, Railroad Avenue Substation, $20M
green location marker icon Moccasin, CA: San Francisco Public Utilities Commission, Moccasin Powerhouse Upgrade, $100.6M
green location marker icon Vernon, CA: Vernon Public Utilities, distribution system resilience, $16.1M

Have a project built by bonds? Add it to the Government Finance Officers Association’s Built by Bonds map.

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Map of public power projects built by bonds

Tags
Municipal Bonds
NEW Topics
Bonds and Financing