ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of a lease transaction for 30 barges with Big Rivers Electric Corporation.
ATEL’s lease with Big Rivers fulfills our charter to finance long lived equipment with excellent credit worthy customers. The formation of Big Rivers has been the leader in cooperative model for over 80 years and we are pleased to have them as a customer.
Big Rivers Electric Corporation is a member-owned, not-for-profit, generation and transmission cooperative (G&T) headquartered in Henderson, Kentucky. They provide wholesale electric power and services to three distribution cooperative members across 22 counties in western Kentucky. The member cooperatives are Jackson Purchase Energy Corporation, Kenergy Corporation, and Meade County Rural Electric Cooperative Corporation. The three member-owners of Big Rivers serve more than 116,000 members.