The upgrade in ratings allows ALP to hold down costs by borrowing money at lower interest rates. 12:28 pm, May 10, 2021
The credit analysis agency, Fitch Ratings, recently upgraded ALP Utilities bond rating on ALP Utilities’ Electric Revenue Bonds from A+ to AA- and their rating outlook has been revised to stable from positive.
The upgrade in ratings allows ALP to hold down costs by borrowing money at lower interest rates. ALP General Manager, Ted Cash welcomed the upgrade, saying, “The ratings upgrade from Fitch is really a testament to the continued hard work by all ALP employees and the board to strategically focus on the priority of maintaining financial stability and strength. The fact that ALP Utilities continues to be viewed as one of America’s premier public power utilities is just another of the many reasons Alexandria is such an outstanding place to live and work.”
Detroit Lakes Public Utilities general manager to chair Missouri River Energy Services board
Vernell Roberts, the general manager at Detroit Lakes Public Utilities since 2012, will assume the role as chair of the Missouri River Energy Services board on Jan. 1, 2021.
Written By:
Michael Achterling | ×
Vernell Roberts, a long-time general manager at Detroit Lakes Public Utilities, was elected chairman of the Missouri River Energy Services board during board s Dec. 17 meeting.
Roberts has had a more than 35-year career in public power, including the last eight years as general manager of Detroit Lakes Public Utilities. He has served on the board at Missouri River Energy Services since 2015 and also sits on the board of the Western Minnesota Municipal Power Agency.