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News & Press Releases

January 21, 2021

Voluntary Notice Of Potential Bond Issuance

     On January 20, 2021, the Board of Directors of the LCRA Transmission Services Corporation (the “Corporation”) and the Board of Directors of the Lower Colorado River Authority (“LCRA”) adopted resolutions delegating the authority to an authorized representative of LCRA to approve the issuance of one or more series of bonds as Transmission Contract Debt (as defined below) in a maximum aggregate principal amount not to exceed $600 million for the purposes of (i) refunding certain outstanding Transmission Contract Debt, (ii) funding a debt service reserve fund for such any such bonds and/or (iii) paying costs of issuance for any such bonds.
     LCRA currently contemplates utilizing such authority to price one series of fixed rate bonds (the “Proposed Bonds”) up to the maximum authorized principal amount of $600 million in February 2021* through a negotiated sale to a syndicate of underwriters led by BofA Securities, Inc. as senior manager.

April 20, 2020

S&P Bulletin On LCRA COVID-19 Risk Mitigation

S&P Global Ratings said today that the Lower Colorado River Authority, Texas (LCRA) and affiliate Transmission Services Corp.'s (TSCorp.) (A/Stable) robust liquidity, strong margins, and flexible capital plan position the authority well for
evolving events related to the COVID-19 pandemic.

September 30, 2019

LCRA bond sale will keep its Texas electric transmission system growing

See Attached Bond Buyer Article dated 9/30/2019

Lower Colorado River Authority Launches Investor Relations Site

The Lower Colorado River Authority, a political subdivision of the state of Texas, has joined a new investor relations site to provide investors with an easy way to find information about LCRA’s upcoming bond offerings.