City of Bowling Green Board of Public Utilities Agenda May 2026
Board Authorizes Rate Stabilization Agreement With AMP
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Description
The Bowling Green Board of Public Utilities authorized the Utilities Director to enter into a Rate Stabilization Agreement with American Municipal Power Inc. (AMP) to borrow funds that will support required debt service coverage in 2026–2027. The borrowed funds are expected to be repaid between 2028 and 2031, smoothing electric rate increases for customers.
Contract Details
Vendor
AMERICAN MUNICIPAL POWER INC (AMP)
Agency
Town of Bowling Green, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Borrowing in 2026–2027 with repayment in years 2028 through 2031
Renewal Date
2031-12-31
Renewal Info
Single Rate Stabilization Agreement under AMP’s program; no explicit renewal options are described in the resolution.
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