Northern Illinois Municipal Power Agency (NIMPA), established in 1985 and headquartered in Rockford, Illinois, serves as a key provider of wholesale electricity to municipalities in the northern Illinois region. NIMPA's primary purpose is to ensure reliable and cost-effective power supply for its member municipalities, supporting local needs while fostering economic growth. The agency specializes in power supply management and resource planning, allowing municipalities to benefit from pooled resources and shared expertise.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NORPWR 7.62% 2030-01-01 USDNorthern Illinois Municipal Power Agency | United States | 2030-01-01 | 7.620 | 5.16 |
| NORPWR 7.82% 2040-01-01 USDNorthern Illinois Municipal Power Agency | United States | 2040-01-01 | 7.820 | 5.89 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
NIMPA has a notable history of bond issuances which began in 1986, primarily to finance electric supply projects and infrastructure improvements. In recent years, the agency's bonds have offered competitive yields compared to industry averages, reflecting its strong credit rating and financial stability. A significant issuance occurred in 2021, when NIMPA raised $15 million to fund the redevelopment of utility infrastructure, demonstrating its commitment to sustainable energy solutions. Additionally, NIMPA's bonds include features such as tax-exempt status, which enhances their attractiveness to investors seeking favorable returns.