Committee confirms territory freeze is bad for South Dakota

Agreement between municipal and rural electric groups to continue discussions ends debate on annexation, arbitration and territory freezes.

Red Rock Dam cored for one unit of hydroelectric project

Another milestone was reached Oct. 21 at the Red Rock Hydroelectric Project (RRHP) as construction workers successfully cored through the Red Rock Dam.

WMMPA prices $322 million of bonds

The Western Minnesota Municipal Power Agency (WMMPA) will close Oct. 29 on more than $322 million in taxable power supply refunding bonds. This sale will be used to refinance existing tax-exempt bonds that WMMPA issued primarily to finance the construction of the Red Rock Hydroelectric Project that is being built in Iowa along with other projects.

Western Minnesota Municipal Power Agency Announces Details of Plan to Sell Taxable Refunding Bonds

Western Minnesota Municipal Power Agency (“Western Minnesota”) plans to price approximately $320 million of taxable fixed-rate bonds the week of October 14, 2019 through a negotiated sale. Proceeds of the sale will primarily be used to refund a portion of certain of Western Minnesota’s outstanding Power Supply Revenue Bonds. The sale will be led by book-running senior manager Citigroup, with J.P. Morgan and Wells Fargo serving as co-managers. A Preliminary Official Statement is expected to be available the week of October 7.

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