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City of Henderson Announcements

Posted on: March 17, 2021

VALUATION FIRM SELECTED FOR HMPL

HMPL


HENDERSON, Ky. – The City of Henderson has selected and entered into an agreement with a third-party firm to assist in the due diligence process and value the worth of Henderson Municipal Power & Light, it was announced at the regular Board of Commissioners meeting on Tuesday, March 23.

The agreement with PFM Financial Advisors LLC has been made in response to an offer received from Big Rivers Electric Cooperative to purchase the assets of HMPL.

The firm headquarters is located in Charlotte, N.C.

PFM will assist in the evaluation and consideration of the BREC offer.

The services of the valuation firm will be paid for by the City of Henderson. Though the agreement will be in place for six months (through Sept. 15), the work requested in the agreement is expected to be completed within two months.   


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