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Water Utilities Trust approves $500 million commercial paper program, authorizes Atoka pipeline pump station bids and honors Todd Stone
Summary
The Oklahoma City Water Utilities Trust on April 22 approved expanding its commercial paper program to $500 million, authorized plans and specifications for the final Atoka pipeline pump station and adopted a resolution of appreciation for Councilman Todd Stone.
The Oklahoma City Water Utilities Trust on April 22 approved increasing its commercial paper program from $350,000,000 to $500,000,000, authorized advertising bids for the final Atoka pipeline pump station and adopted a resolution thanking Councilman Todd Stone for his service as a trustee.
Dennis Whaley, a financial adviser with PFM, told trustees the documents to expand the commercial paper program were complete and that the trust would publish an offering memorandum later in the week with a planned closing on April 30. "We have completed the documents necessary to increase the size of the program from 350,000,000 to 500,000,000," Whaley said. He said Oklahoma City’s utility entity is rated "AAA" by Moody's and S&P and that…
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