Board Authorizes Rate Stabilization Agreement With AMP

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.

Document date · May 11, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Borrowing in 2026–2027 with repayment in years 2028 through 2031

Renewal date

2031-12-31

Renewal

Single Rate Stabilization Agreement under AMP’s program; no explicit renewal options are described in the resolution.

Document type

AgendaPacket

Source document

City of Bowling Green Board of Public Utilities Agenda May 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bowling Green?

American Municipal Power Inc (amp) was awarded this financial services contract by City of Bowling Green, as recorded on May 11, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Bowling Green Board of Public Utilities Agenda May 2026 (AgendaPacket), dated May 11, 2026 from City of Bowling Green. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does American Municipal Power Inc (amp) hold?

American Municipal Power Inc (amp) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View American Municipal Power Inc (amp)'s profile

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