Gov. Rick Perry has replaced chairman Paul Hudson with fellow Public Utility Commission member Barry Smitherman, while keeping Hudson on the three-member panel that regulates utilities in the state. Perry appointed Smitherman to the panel in April 2004. Smitherman has nearly two decades in public banking and legal positions, andalso served as assistant district attorney in Harris County. The Bond Buyer reported in 2002 that Bank One fired Smitherman for failing to get approval before submitting an opinion piece to the Houston Chronicle. Smitherman and PUC board member Julie Parsley voted down a proposal by Hudson in 2006 designed to save millions of Texans about $17 per month on their electric bills. The plan’s legality was questionable and conveyed the wrong message to electric markets, Smitherman and Parsley said at the time.
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The competitive sale comes as the market prepares for a very New York-heavy week next week in the primary.
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"We, the city of Philadelphia proper, we can't do it alone," Parker said in a keynote address at The Bond Buyer Infrastructure conference Tuesday. "We are grateful to our state and our federal partners, as well as the bond market."
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For municipals, Wednesday "marks a crucial step forward, perfectly aligned with the current risk landscape," said James Pruskowski, chief investment officer for 16Rock Asset Management.
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The Republican presidential nominee reverses course on his own policy
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"It's great people are thinking about creative solutions, but don't forget the rules still apply," said the SEC's Dave Sanchez.
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Up to $182 million of bonds will be issued by a city of Frisco entity to renovate Toyota Stadium, home to Major League Soccer's FC Dallas.
10h ago