Surety bonds approved for Paducah Power

A key part of Paducah Power System’s Rate Recovery Plan has been approved.

Assured Guaranty, Ltd. told PPS and the Kentucky Municipal Power Agency that it will provide the first phase of surety bonds.

The bonds will help provide short term financial assistance to Paducah Power.

The surety bonds are an important part of PPS’s plan to stabilize their finances so that it can provide rate relief for its customers.

PPS expects to close on the surety bonds in mid-February.

Related Articles

Child Passenger Safety Week Safety matters- especially when it comes to your kids.
President Trump tweets about North Korea President Donald Trump is again assailing North Korea Kim Jong Un, saying that he "will be tested like never before."
Consumer Alert: Firework Recall You may have a potentially dangerous firework.