Paducah Power says bond refunding means savings
Paducah Power System says a trip to New York City will eventually save money. The PPS general manager and others met with Goldman Sachs Tuesday.
PPS says it priced its Series 2016A bonds that will be used to a refinance $107 million portion of bonds issued in 2009 to build the PPS peaking plant. The company says that will save it $9.7 million in bond payments over the remaining term.
The company says that means lower interest rates than PPS originally expected.
You can read the full news release below this story.