Public power relies on municipal bonds to develop all kinds of projects. From 2014 to 2023, public power financed 751 projects for $69.8 billion. About 10% of all projects across the U.S. funded by municipal bonds from this time were for power-related projects.
With $15.7 billion in new money bonds issued for power-related projects, 2023 was the highest year for power-related bonds in more than a decade. And 2024 continued to see increased issuances.
Here’s a look at some of the public power projects across the country #BuiltbyBonds.
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Middletown, PA: Middletown Borough Electric, Spruce Street Substation, $11M |
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Huntsville, AL: Huntsville Utilities, New Operations Center, $38.3M |
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Lakeland, FL: Lakeland Electric, McIntosh Reciprocating Engine Plant, $155.8M |
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Geneva, IL: City of Geneva Electric Division, generation facility and underground rebuild, $17.6M |
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Bedford, KY: Illinois Municipal Electric Agency, Trimble County Generating Station, $239.1M |
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Franklin Furnace, OH: American Municipal Power, Greenup Hydroelectric Project, $125.6M |
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Lafayette, LA: Lafayette Utilities System, street light upgrades, $8.7M |
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Conway, AR: Conway Corp, operations center, $37.5M |
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Stoughton, WI: Stoughton Utilities, solar installation, $1.8M |
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Shawano, WI: Shawano Municipal Utilities, headquarters, $12.5M |
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Ponca City, OK: Oklahoma Municipal Power Authority, Charles D. Lamb Energy Center, $107.1M |
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Coffeyville, KS: Coffeyville Municipal Light & Power, Generation Facility #2, $56.1M |
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Pella, IA: Missouri River Energy Services, Red Rock Hydroelectric Project, $394.9M |
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Negaunee, MI: City of Negaunee, substation, $7.3M |
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Minnesota: Western Minnesota Municipal Power Agency, integrated transmission system, $23.4M |
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Idaho Falls, ID: Idaho Falls Power, peak generation plant, $38M |
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Heber City, UT: Heber Light & Power, Second Point of Interconnect, $22M |
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Pinal County, AZ: Electrical District No. 3, distribution system, $100M |
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Salkum, WA: Tacoma Power, Cowlitz Salmon Hatchery Barrier Dam Repair, $12.1M |
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Pasco, WA: Franklin PUD, Railroad Avenue Substation, $20M |
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Moccasin, CA: San Francisco Public Utilities Commission, Moccasin Powerhouse Upgrade, $100.6M |
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Vernon, CA: Vernon Public Utilities, distribution system resilience, $16.1M |
Have a project built by bonds? Add it to the Government Finance Officers Association’s Built by Bonds map.
