Fitch affirms Buckeye Power’s ‘A’ rating

Fitch Ratings has released its annual report on Buckeye Power’s revenue bonds and affirmed Buckeye’s ‘A’ rating. The outstanding senior secured bonds affirmed include: $17.9 million Ohio Air Quality Development Authority (Buckeye Power, Inc. Project), series 2003; $11.8 million Ohio Water Development Authority, series 2004; and $73 million Ohio Air Quality Development Authority, series 2010. Some of […]

Cold snap brings record electricity demand

Load control efforts were rolled out this week as sub-zero temperatures blanketed Ohio and much of the PJM region. Buckeye Power reached an all-time high Monday night and the 13-state area served by grid operator PJM set two winter records on Tuesday. Ohio’s electric cooperatives used an estimated 1,789 megawatts of electricity for the hour ending […]

Standard & Poor’s issues ‘stable’ rating for Buckeye Power

Standard & Poor’s has affirmed its A-/Stable credit rating for Buckeye Power and Buckeye Power Generating LLC. “The stable outlook reflects our view that after a prolonged period of week results, financial metrics for fiscal 2013 support the rating,” the S&P report stated. “Buckeye’s projections indicate improvement in the next several years.” The report said Buckeye Power’s credit […]

Buckeye Power elects officers, executive committee members

Members of Buckeye Power elected representatives to the Executive Committee and the cooperative’s officers at the annual meeting. The generation-and-transmission cooperative’s leadership remains unchanged. Steve Nelson (Frontier Power) remains as chairman, a position he has served in since 1996. Mike Sims (Butler Rural Electric Cooperative) was elected vice chairman, Roger Yoder (Union Rural Electric) was […]