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Investor relations

SRP has provided reliable water and power to central Arizona for more than a century, helping the Phoenix metropolitan area thrive. But we’re not stopping there. See why you can have confidence in our plan to build a better future.

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    A reliable investment

    See the credit ratings assigned to SRP as of April 2022.

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    Funding the Valley’s future

    As the Valley of the Sun continues to prosper, SRP remains committed to providing affordable, reliable power to meet increasing demand. 

    SRP occasionally issues municipal bonds to support capital projects and, when necessary, enhance existing infrastructure.

    SRP municipal bonds pay a fixed interest rate over the life of the bonds. Typically, earned interest is exempt from federal taxes. State tax exemptions are, in most cases, available for bond purchasers who are residents in the state where the bonds are issued.

    Note: SRP encourages you to work with your tax adviser to fully understand tax implications.

    View bond disclosures

    You can see all of SRP’s current bond disclosures on the Electronic Municipal Market Access (EMMA) website, operated by the Municipal Securities Rulemaking Board (MSRB).

    The EMMA system provides a comprehensive, centralized and free source for all details related to bonds, including official statements, continuing disclosure submissions, advance refunding documents, and real-time trade price information on municipal securities.

    See existing bonds 

    Explore the list of SRP Revenue Bond issues and click on any link to see more information on EMMA.

    Electric System Revenue Bonds

    Series Original Par Amount Dated
    2020 Series A 224,670,000 10/1/2020
    2020 Series B 100,000,000 10/1/2020
    2019 Series A 461,170,000 10/24/2019
    2017 Series A 735,240,000 11/9/2017
    2016 Series A 760,965,000 11/18/2016
    2015 Series A 924,000,000 5/15/2015
    2012 Series A 236,185,000 4/26/2012
    2011 Series A 441,500,000 10/4/2011
    2010 Series B 216,785,000 10/7/2010
    2010 Series A 500,000,000 10/7/2010

    Review our financials

    Download ​SRP’s latest financials.

    2021 Annual ReportDocument is a PDF

    Quarterly financial statementsDocument is a PDF

    2021 Sustainability ReportDocument is a PDF

    Stay in the know

    See the latest updates and notices about SRP’s financial decisions.

    Independent Registered Municipal Advisor information (IRMA)

    Effective March 2, 2015, SRP has retained Public Financial Management, Inc. ("PFM"), an independent registered municipal advisor, as its financial advisor.

    SRP is represented by and will rely on the advice of PFM when considering information provided by financial services firms concerning the issuance of municipal securities and municipal financial products.

    Download the complete Notice of Retention of an Independent Registered Municipal AdvisorDocument is a PDF

    Notice of change to bank credit arrangements

    The Salt River Project Agricultural Improvement and Power District's (the "District") Board of Directors authorized, on Dec. 6, 2021, amending the Revolving Credit Agreement with U.S. Bank, N.A., as agent and lender (the "U.S. Bank Agreement") and entering into an Agreement for a revolving credit facility with Bank of America, N.A., as agent and lender (the "BofA Agreement"). Both Agreements are dated and effective on or about Dec. 9, 2021.

    The amendment to the U.S. Bank Agreement extends the maturity date to on or about June 28, 2024, and has an available commitment of $200,000,000. The addition of the BofA Agreement has a maturity date to on or about Dec. 9, 2025, and has an available commitment of $250,000,000.

    The JPMorgan Chase Bank, N.A. Agreement maturity date of June 29, 2023, remains the same and has an available commitment of $346,500,000 with $3,500,000 drawn.

    For more information, download the complete Notice of change for bank credit agreementsDocument is a PDF.