Southern Minnesota Municipal Power Agency (SMMPA), founded in 1976 and based in Rochester, Minnesota, serves the energy needs of member municipalities by providing reliable and cost-effective wholesale electricity. The agency's primary focus is on generating and purchasing power, enhancing energy efficiency programs, and supporting renewable energy initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SOUPWR 5.73% 2030-01-01 USDSouthern Minnesota Municipal Power Agency | United States | 2030-01-01 | 5.726 | 4.57 |
| SOUPWR 5.93% 2043-01-01 USDSouthern Minnesota Municipal Power Agency | United States | 2043-01-01 | 5.926 | 5.50 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SMMPA began issuing bonds in 1983 to finance the construction of electrical infrastructure and has since engaged in several significant issuances, including a notable $40 million bond in 2010 aimed at funding energy efficiency projects. Currently, SMMPA's bonds offer competitive yields compared to industry averages, reflecting the agency's stable credit profile and strong revenue generation. Recent news highlighted the agency's commitment to green energy investments, leading to innovative bond structures aimed at promoting sustainability within its service areas.