Hunton Andrews Kurth Advises on Ohio Power Company’s $350 Million Senior Notes Offering

Hunton Andrews Kurth LLP advised the underwriters in connection with the sale by Ohio Power Company (OPCo) of $350 million aggregate principal amount of its 5.65% Senior Notes, Series T, due 2034. The transaction closed on May 6, 2024.

OPCo is engaged in the transmission and distribution of electric power to approximately 1,527,000 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, 2023, OPCo had 1,752 employees. Among the principal industries served by OPCo are petroleum and coal products manufacturing, chemical manufacturing, pipeline transportation, primary metal manufacturing, data processing and plastics and rubber products. OPCo is a subsidiary of American Electric Power Company, Inc., a public utility holding company, and are a part of the American Electric Power integrated utility system.

The Hunton Andrews Kurth team included Steven C. Friend, Jingyi “Alice” Yao and Gabrielle Kraushaar. Robert McNamara, William Freeman and Caitlin Scipioni provided tax advice.