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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Markets are "tilting to a risk-off posture as participants brace for the chance of Trump tariff-sparked turbulence in the coming hours and days," said José Torres, senior economist at Interactive Brokers.
9h ago -
The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.
10h ago -
Housing advocates are celebrating the passage of the One Big Beautiful Bill for the boost in Low Income Housing Tax Credits which is projected to boost the use of private activity bonds.
July 7 -
JP Zaptin has joined Baird where he will establish a municipal trading desk
July 7 -
Moody's expects enplanements at the facility will remain below the low end of its former projections.
July 7 -
New Hampshire Supreme Court found that the state doesn't spend enough on education, but upheld the education property tax system.
July 7