Bonds

Bond Offering

Power Supply System Refunding Bonds, 2026 Series A*

Power Supply System Refunding Bonds, 2026 Series A*

Par Amount
$429,990,000
Tax Status
Tax-Exempt
Sale Date
05/05/2026
Sector
Power / Gas
State
Indiana
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
05/19/2026
Call Features
July 1, 2036, at 100% (preliminary, subject to change)

Additional Information

*Preliminary and subject to change

Bond Offering Ratings

Moody’s
A1
Date
Apr 2026
S&P
A+
Date
Apr 2026
Fitch
A+
Date
Apr 2026

Senior Manager

J.P. Morgan Securities LLC
Kevin Plunkett, Executive Director

Co-Senior Manager

BofA Securities, Inc.
Kevin T. Langlais, Managing Director

Co-Manager

Ramirez & Co. Inc.
Ted Sobel, Managing Director
RBC Capital Markets
Mark Glotfelty, Managing Director
Truist Securities
Robert Mellinger, Director

Financial Advisor

PFM Financial Advisors LLC
Chris Lover
(704) 319-7922

Bond Counsel

Ice Miller LLP

Underwriter Counsel

Barnes & Thornburg LLP

Trustee

The Bank of New York Mellon Trust Company, N.A.