...September 29, 2021 NEW YORK (S&P Global Ratings) Sept. 29, 2021--S&P Global Ratings assigned its '##' rating to Omaha Public Power District (OPPD), Neb.'s $373.12 million senior-lien electric system revenue bonds, 2021 series A, and $55.82 million senior-lien electric system revenue refunding bonds, 2021 series B. At the same time, S&P Global Ratings affirmed its '##' rating on parity obligations, its '##-' rating on OPPD's subordinate-lien bonds, and its 'A-1+' rating on the district's commercial paper. The outlook, where applicable, is stable. Key credit strengths, in our view, include a strong and diverse customer base supported by an economically sound service area, the district's proven ability to maintain robust coverage of fixed charges, and substantial liquidity. Mitigating these strengths is OPPD's sizable (but declining) carbon footprint and moderate leverage. OPPD faces environmental risks related to potential regulation of carbon emissions from its stakes in the coal-fired units...
