trending Market Intelligence /marketintelligence/en/news-insights/trending/XkZg5j6DhrmU2K71e-v0_Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Appalachian Power secures approval to sell up to $1.3B of promissory notes

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Appalachian Power secures approval to sell up to $1.3B of promissory notes

The Virginia State Corporation Commission issued an order allowing Appalachian Power Co. to issue and sell secured and unsecured promissory notes of up to $1.3 billion, from time to time through Dec. 31, 2021.

According to a Dec. 12 filing, the promissory notes may take the form of senior notes, senior or subordinated debentures, first mortgage bonds, bank credit revolver loans or other unsecured promissory notes. The notes will mature no less than nine months or no more than 60 years from the date of issuance.

The American Electric Power Co. Inc. subsidiary plans to use the proceeds from the sale of the notes, combined with other funds available to the company, for general corporate purposes including redemption of long-term debt, repayment of short-term debt, and reimbursement of the company's treasury for expenditures for construction.

The ruling also permits Appalachian Power to enter into one or more interest rate hedging arrangements to protect against future interest rate movements. The company can utilize interest rate management techniques through entering various interest rate management agreements through Dec. 31, 2021.

The interest rate management agreements will include interest rate swaps, caps, collar, floors, options, hedging forwards or futures, or any similar products designed and used to manage and minimize interest costs, according to the filing.