Surety bonds approved for Paducah Power - WPSD Local 6: Your news, weather, and sports authority

Surety bonds approved for Paducah Power

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PADUCAH, Ky -

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.

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