Hunton Andrews Kurth Advises Underwriters on $400 Million Senior Notes Offering of Ohio Power Company

Hunton Andrews Kurth LLP advised the underwriters in connection with the sale by Ohio Power Company (OPCo) of $400 million aggregate principal amount of its 5.00% Senior Notes, Series S, due 2033. The transaction closed on May 10, 2023.

OPCo is engaged in the transmission and distribution of electric power to approximately 1,521,000 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, 2022, OPCo had 1,713 employees. Among the principal industries served by OPCo are primary metals, petroleum and coal products manufacturing, plastics and rubber products, chemical manufacturing, pipeline transportation 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, Michelle G. Chan, Thomas C. White and Jingyi “Alice” Yao. Robert McNamara provided tax advice.