Transactions:

As one of the historically most active issuers of gas prepayment transactions, APEA has unique abilities to meet the needs of its participant customers. APEA’s first gas supply acquisition was funded in 1997.  APEA has successfully closed nine taxable or tax-exempt natural gas prepay financings whose proceeds of more than $1.8 billion have been used to purchase in excess of 875,000,000 MMBtu of low cost, long-term natural gas supplies for public entities nationwide. These transactions include taxable and tax-exempt bonds, fixed rate and variable rate structures, rated and non-rated, and insured and uninsured issues.  APEA's central geographic location in the United States puts it squarely in the middle of the nation's energy flow; effectively, positioning APEA to serve its members and other public energy partners throughout the country. 

The first gas supply acquisition was funded in 1997 for the benefit of its members and National Public Gas Agency (“NPGA”) through the issuance by APEA of $10,255,000 Gas Supply Acquisition Revenue Note (Nebraska Public Gas Agency Project), 1997 Series.

 In January 1998, APEA acquired a gas supply for the benefit of its members and Metropolitan Utilities District of Omaha (“MUD”) through the issuance by APEA of $45,082,602 of Gas Supply Revenue Bonds (Metropolitan Utilities District of Omaha), 1998 Series A.

 In March 1998, APEA acquired a gas supply for the benefit of its members and NPGA through the issuance by APEA of $27,789,223 Gas Supply Revenue Bonds (Nebraska Public Gas Agency Project) 1998 Series B. NPGA exercised the option to renew their supply contract under the 1998 Series B Bond issue. The 1998 Series B was paid in full at its scheduled maturity.

 In October 1998, APEA acquired a gas supply from Aquila Energy Marketing Corp. for the benefit of its members, NPGA, and other public entities through the issuance by APEA of $185,945,000 Gas Supply Revenue Bonds (Nebraska Public Gas Agency Project), 1998 Series C.

 In April 1999, APEA acquired a gas supply for the benefit of its members, NPGA, and the Public Utility District No. 1 of Clark County, Washington; the City of Glendale, California; the City of Pasadena, California, Water and Power Department; and Sacramento Municipal Utility District (SMUD). APEA funded this gas supply acquisition through the issuance of $294,725,000 Gas Supply Revenue Bonds (Nebraska Public Gas Agency-Western A Project), 1999 Series A.

 In November 1999, APEA acquired a gas supply from Aquila Energy Marketing Corp., for the benefit of its members and NPGA through the issuance by APEA of $263,705,000 Gas Supply Revenue Bonds (Nebraska Public Gas Agency Project), 1999 Series B Taxable.

 In August 2000, APEA acquired a gas supply from Aquila Energy Marketing Corp., for the benefit of its members and NPGA through the issuance by APEA of $336,165,000 Gas Supply Revenue Bonds (Nebraska Public Gas Agency Project), 2000 Series A Taxable.

 In December 2003, APEA acquired a gas supply from BP Canada Energy Marketing Corp. for the benefit of its members and NPGA, through the issuance by APEA of $305,960,000 Gas Supply Variable Rate Revenue Bonds (National Public Gas Agency Project), 2003 Series A and 2003 Series B Bonds. The bonds will mature at 2013.

 In August 2005, APEA acquired a gas supply from BP Canada Energy Marketing Corp. for the benefit of its members and MUD through the issuance by APEA of $349,783,000 Gas Supply Variable Rate Revenue Bonds 2005 Series A. The bonds will mature at 2015.