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Muscatine Power and Water (MPW) is set to issue $100 million in electric revenue bonds, with Piper Sandler pricing the Series 2026A and B bonds. These will fund a 35 MW combined heat and power unit and a natural gas pipeline, as well as other projects like the Solar 1 initiative.

MPW plans additional bond sales of $80 million in 2026 and $20 million in 2028. Moody's has rated the bonds A1, while S&P is expected to assign an AA rating post-insurance by Assured Guaranty. MPW is transitioning energy production from coal to renewable sources, aiming to decrease coal dependency significantly. A 5.1% rate increase is approved for July 2026.