OPPD Maintains Strong Credit Rating, Helping Utility Keep Rates Low For Customer-Owners In Challenging Economy

OPPD News Release 

Moody’s and Standard & Poor’s latest ratings give OPPD an Aa2 and AA, respectively. These ratings are among the highest ratings a public power utility can receive. OPPD’s solid financial position has allowed it to access credit markets during the current market downturn, while lower rated entities have had limited access . . . The board received an update on OPPD’s Pathways to Decarbonization strategic initiative. A long-term study is underway to identify pathways to improve our environmental impact while maintaining reliability, resiliency and affordability. During its committee meetings this week, the board received an update on OPPD’s Power with Purpose (PwP) plan, approved in November 2019. The plan includes the addition of between 400 and 600 megawatts of accredited utility-scale solar generation, as well as the addition of modernized natural gas backup generation assets. Read the entire news release here.

For more information, click here.
OPPD invites customer-owners to submit feedback at OPPD Listens.

ADDITIONAL RECOMMENDED READING 

THE HEROES ACT

House Democrats unveil $3 trillion COVID-19 response proposal, American Public Power Association. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law in late March by President Trump included $900 million for LIHEAP to help low-income households pay their utility bills during the crisis. But the National Energy Assistance Directors Association (NEADA) on April 6 said that due to the depth of the crisis, “this funding only scratches the surface of what families will need to stay afloat.” 

CLEAN ENERGY FORWARD INITIATIVE

Republicans Are Leading On Clean Energy, Newsweek
Opinion contributed by Heather Reams, the executive director of Citizens for Responsible Energy Solutions, a non-profit organization that recently launched Clean Energy Forward to engage Republican policymakers and the public about responsible, conservative solutions to address our nation’s energy, economic and environmental security while increasing America’s competitive edge.

TRANSITION PATHWAY INITIATIVE

Investor group: No European oil and gas major has a credible net zero plan, GreenBiz
That is the conclusion of a new analysis from the influential Transition Pathway Initiative (TPI), backed by investors representing $19 trillion of assets worldwide.

TRI-STATE

SOLAR PLUS STORAGE

GAF SOLAR ROOF

GAF Energy Launches New Flex Option for Roof-Integrated Solar System, Solar Industry Magazine

GAF Energy, a provider of roof-integrated solar solutions in North America, has launched their “Flex” option for use with the company’s redesigned Decotech 2.0 roof-integrated solar product. Flex maintains the efficiency of standard system sizing, while also introducing new configuration choices for homeowners.

  • Homeowners interested in learning more about the GAF solar roof, click here.
  • Roofing contractors interested in installing GAF Energy products, click here.

THIN-FILM SOLAR MODULES

A new player appears in American thin-film cadmium telluride solar module manufacturing, PV Magazine. Toledo Solar is trying to distinguish itself from First Solar’s cadmium telluride dominance by operating in the residential and commercial markets, markets which have been historically unkind to the technology.

GREENTECH MEDIA’S INTERCHANGE

Mapping the Post-COVID Future for Electric Cars, Behavior Change and Energy Demand, Greentech Media. This week on The Interchange, we talk with futurist Ramez Naam about a wide range of scenarios for energy.

MORE ON MICHAEL MOORE’S CONTROVERSIAL DOCUMENTARY

What Michael Moore’s New Climate Documentary Gets Wrong About Renewables, Forbes