Shelly Sigo

Kentucky's Paducah Power System board Wednesday adopted a sweeping recovery plan to stabilize finances and provide customers with rate relief that includes potentially selling some of its interest in the troubled Illinois Prairie State coal plant.

Louisiana prices the first of two GO bond deals Thursday with unanswered questions about the state budget, but MMA director Matt Fabian says the issue is unlikely to impact pricing because of the state's strong legal protections for bondholders.

Fitch placed Paducah Power, Ky., on rating watch negative due to the system's constrained financial position and its link to the troubled Prairie State coal-fired electric generating station in Illionis, which has experienced cost overruns that have impacted the municipal utilities that signed on to the project.

Fitch upgraded Miami's GO ratings Nov. 7 to A-plus from A-minus based on the city's improved financial performance while noting management and legal challenges.

Kentucky Gov. Steve Beshear has appointed Crit Luallen to become the state's new lieutenant governor.

Jefferson County, Ala., voters sent all five commission incumbents back into office even after they allowed sewer rates to go up.

The U.S. Supreme Court ruled Nov. 3 that Florida can proceed with its suit against Georgia over fresh water rights.

Louisville, Ky. plans to competitively sell $50 million in GO bonds Wednesday with a new stable outlook from Moody's Investors Service.

Florida's auditor general once again called on state lawmakers to require oversight of the dirt-bond sector after finding that financial problems increased among the state's Community Development Districts in fiscal 2013.

The interim manager of Kentucky's Paducah Power System says he's working on a plan to deal with high costs tied to the Prairie State project in Illinois, while fending off some residents’ suggestion that the utility file for bankruptcy.

The U.S. Supreme Court ruled Nov. 3 that Florida can proceed with its suit against Georgia over fresh water rights.

Jefferson County is bringing additional attorneys into court to assist with its bankruptcy appeal case in U.S. District Court in Birmingham.

Louisiana Gov. Bobby Jindal's administration asked legislators to urge the state treasurer to sign off on bond documents amid a dispute over budget numbers that has blocked the state from going through with a planned bond issue.

The Georgia Supreme Court set oral arguments in the Atlanta Falcons stadium appeal Nov. 3, and could hear arguments against the Atlanta Braves stadium in February.

The Virginia Tobacco Settlement Financing Corp. won't have to dip into reserves this year thanks to a settlement with bankrupt Lehman Brothers.

Louisville, Ky., issuers bring $360 million in bonds to the market during November as investors continue to search for quality amid uncertain conditions.

Orange County, Fla. says its recent GO bond upgrade to AAA from Kroll Bond Rating Agency will help the county negotiate better financial deals.

Just ahead of a planned refunding, Charleston, S.C, won a general obligation bond upgrade to Aaa from Moody's Investors Service.

Florida's East Central Regional Wastewater Facilities Operation in Palm Beach County expects to sell the Southeast region's first green bonds.

The Warren County Downtown Economic Development Authority in Kentucky will be among nine award winners at the CDFA's annual summit in November.