Hunton Andrews Kurth Advises on Ohio Power Co.’s Senior Notes Offering

Hunton Andrews Kurth LLP advised the underwriters in connection with the sale by Ohio Power Company (OPCo) of $600 million aggregate principal amount of its 2.90% Senior Notes, Series R, due 2051. The transaction closed on September 13, 2021.

OPCo is engaged in the transmission and distribution of electric power to approximately 1,507,000 retail customers in Ohio. OPCo purchases energy and capacity at auction to serve generation service customers who have not switched to a competitive generation supplier. As of December 31, 2020, OPCo had 1,646 employees. Among the principal industries served by OPCo are primary metals, petroleum and coal products manufacturing, plastics and rubber products, chemical manufacturing, fabricated metal product manufacturing and data centers. OPCo is a member of PJM. OPCo is part of AEP’s Transmission and Distribution Utilities segment.

The Hunton Andrews Kurth team included Steven C. Friend, Brendan P. Harney, Michelle G. Chan, and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.