Infrastructure

The BB-plus rated borrowing comes as high-yield supply remains strong in the muni market.

Squire Patton Boggs alum Sarah Vilms will advocate for large public power providers in D.C. at a time when the demand for electricity is skyrocketing.

The Commonwealth Transportation Board in Virginia rolled out a $28.5 billion, six-year transportation infrastructure improvement plan that covers roads, bridges, rail, and more.

Alexandria, Va. is moving forward with a $155 million plan to convert a former power plant into a 2.5 million square feet development by leveraging tax increment financing and bond sales.

The latest update for the project at the Southwest Airlines hub showed an estimated $2.54 billion price tag and plans to issue general airport revenue bonds.

South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.

Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.

Pooling local projects and slicing up risk could open the door to more private capital, a researcher said.

Transit authorities around the country are bracing for upticks in ridership and revenue thanks to the World Cup as negotiations over surface transportation authorization linger in the background.

The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.