S&P Global Ratings assigned its 'AA' rating to the Omaha Public Power District (OPPD, or the district), Neb.'s approximately $650 million senior-lien electric system revenue bonds, series 2023 A and B. At the same time, S&P Global Ratings affirmed its 'AA' rating on parity obligations, its 'AA-' rating on OPPD's subordinate-lien bonds, and its 'A-1+' short-term rating on the district's commercial paper (CP). The outlook, where applicable, is stable. The 2023A bonds are being issued for general capital purposes of the district, including construction of two natural gas facilities--Turtle Creek Station (TCS) and Standing Bear Lake Station (SBLS)--that are a components of the district's Power with Purpose strategic plan. The 2023B bonds are being issued to refund nearly $300 million
