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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