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Kutak Rock is Bond Counsel to Washington State Utility

News - Press Release | October 11, 2018


Kutak Rock attorney Roy Koegen recently served as bond counsel to the Clark Public Utilities District in connection with a $53.9 million financing to fund capital improvements needed over the next four years due to growth and usage from new customers. The District serves nearly 200,000 customers and is based in Vancouver, Washington.

The bonds carry an A-plus rating from S&P Global Ratings, an AA-minus from Fitch Ratings and an A1 from Moody’s Investors Service. A $34.9 million bond, which will have a 20-year maturity, will pay for improvements to the electric system, while the $19 million bond will pay for the generating system and will be paid off over seven years.

For more than 40 years, Mr. Koegen has primarily served as bond counsel to numerous states, cities, counties, school districts, special purpose districts, underwriters and banks, colleges and universities. In addition, he has provided general municipal advice to a large array of clients with respect to tax, investment, finance and regulatory issues.