The Omaha Public Power District's board approved up to $300 million of bonds to finance capital projects over the next two years.
Officials said they would like to sell taxable Build America Bonds if they enter the market before the federal program expires. The borrowing, which will be negotiated, could also feature traditional tax-exempt debt.
Proceeds would reimburse the district for capital projects, finance future capital projects, and redeem part or all of its outstanding commercial paper.
The OPPD is a publicly owned electric utility that serves 13 southeast Nebraska counties.