NYSERDA Transcript 275th Board Meeting 2026-04-29
Committee backs $65 million NYSEG refunding bond issue
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Description
NYSERDA’s Audit and Finance Committee recommended approval of up to $65 million in refunding bonds to be issued on behalf of New York State Electric and Gas Corporation to refinance 2005 bonds and achieve an estimated $10.7 million in interest savings. The bonds will require external regulatory approvals and minimum investment-grade ratings.
Contract Details
Contract Amount
Not to exceed $65 million
Vendor
NEW YORK STATE ELECTRIC AND GAS CORPORATION
Agency
New York State Energy Research and Development Authority, NY
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Contract Term
Over the term of the refunding bonds (term not specified)
Renewal Info
Refunding bonds will replace 2005 NYSERDA-issued bonds; specific maturity and any call/refunding provisions were not detailed.
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New York State Energy Research and Development Authority
State
Albany, NY
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