Energy Harbor Receives Independent Green Financing Rating

AKRON, Ohio, Oct. 23, 2022 /PRNewswire/ — Energy Harbor Corp. announced today CICERO Shades of Green (CICERO Green), an internationally recognized leading provider of independent, research-based evaluations of green bond and sustainability financing frameworks, completed a second-party opinion on Energy Harbor’s green bond framework and has issued a Medium Green shading on a scale of Light, Medium and Dark.  CICERO Green’s assessment aligns with the International Capital Markets’ Association’s Green Bond Principles. 

Energy Harbor’s green bond framework includes its existing $285 million Pollution Control Revenue Refunding Bonds, which were originally issued to finance construction of air, water and waste control facilities at its nuclear power plants.  The Medium Green rating from CICERO Green indicates the projects included in the Energy Harbor $285 million portfolio represent significant steps towards the long-term climate vision.

Earlier this year, Energy Harbor announced its plan to become a 100% carbon free infrastructure company in 2023.  The creation and grading of the Green Bond Framework reflects Energy Harbor’s commitment to the critical role nuclear technology plays in creating a carbon free power sector by 2035 and addressing climate change.

“The Medium Green rating from CICERO Green is a first for Energy Harbor and reflects our focus on clean power infrastructure that produces electricity free of carbon…