Tornadoes Inflate Nebraska Nuke Plant’s Bond Risk: Muni Credit
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The risk of floods and tornadoes is preventing investors in $1.8 billion of bonds of Nebraska’s biggest electricity provider from participating in the best year since 2008 for municipal debt of U.S. power companies.
Borrowings of Omaha Public Power District, the nation’s 12th-largest public-power utility, are at risk of a rating cut by Moody’s Investors Service amid delays in reopening its Fort Calhoun Station nuclear plant. The facility has been shut since 2011 in part to safeguard against Missouri River flooding and the threat of Midwest twisters.