Hunton Andrews Kurth Advises the Initial Purchaser on Wheeling Power Company’s $450 Million Taxable Utility Refunding Revenue Bonds Offering

Hunton Andrews Kurth LLP acted as counsel to the initial purchaser for the offering of $450 million aggregate principal amount of National Finance Authority Taxable Utility Refunding Revenue Bonds (Wheeling Power Company Project) Series 2024A (the “Bonds”). The Bonds were issued by the National Finance Authority in a private placement under Rule 144A of the Securities Act of 1933, as amended. The Bonds were issued to refinance, in whole or in part, the outstanding principal balance of certain outstanding obligations of Wheeling Power Company (“WPCo”), to finance capital expenditures of WPCo relating to a coal-fired power plant located in the State of West Virginia, and transmission and distribution projects within WPCo’s service territory in the State of West Virginia and pay for the costs of issuance of the Bonds.

WPCo is a wholly-owned subsidiary of American Electric Power Company, Inc. WPCo is engaged in the generation and purchase of electric power and the subsequent sale, transmission and distribution of that power to approximately 41,000 retail customers in northern West Virginia.

The Hunton Andrews Kurth team included Steven C. Friend, Michelle G. Chan, Jingyi “Alice” Yao and Gabrielle Kraushaar. Andrew R. Kintzinger provided tax advice. Leslie A. Okinaka provided ERISA advice.