Florida

Fitch Ratings said it won't lower its ratings because of JEA's litigation attempting to shed a power purchase agreement with Georgia's MEAG.

Veteran Florida bankers Matthew Sansbury and Alex Bugallo joined the firm’s public finance division as managing directors.

Moody's Investors Service said Jacksonville's litigation to repudiate a power contract raises questions about its willingness to make good on obligations.

Agencies across the country said the case filed by a Florida utility could expose them to "unprecedented" federal oversight of public power contracts.

Opponents say passage of Amendment 5 in November would threaten Florida’s ability to fund state priorities and its triple-A ratings.

The ratings of four Southeast public power agencies were lowered due to uncertainty about future costs to build the new reactors.

Investor-owned Georgia Power made concessions to secure public power owners' agreement to continue construction of the Plant Vogtle nuclear project.

Linda Howard was tapped for her broad financial experience, said the Orlando-based wholesale power agency.

North Miami's former assistant budget director is accusing other city officials of concealing a multimillion-dollar deficit in city finances by siphoning money from city reserves and utilities, and misrepresenting other revenue streams and debts in the recently passed budget.

MEAG joins two other owners of the Plant Vogtle project voting to move forward; Oglethorpe Power has yet to decide.

Thirty states told the Council of Development Finance Agencies they issued mortgage revenue bonds in 2017 compared to only 18 that issued mortgage credit certificates.

Florida’s JEA has asked federal regulators to review its power purchase agreement with Georgia’s MEAG, a move that could delay lawsuits filed over the matter.

S&P placed the Florida utility’s bond ratings on CreditWatch Negative after JEA asked a court to void a power purchase agreement.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.

The privately funded Brightline express rail system launched service last fall. The state recently approved tax-exempt status for $1.75 billion in bonds.

MEAG wants a power purchase agreement enforced against JEA, which says the agreement must be vacated because it wasn’t properly approved.

The median net pension liability in the nation’s 15 largest cities jumped 16% on a per capita basis in fiscal 2017, S&P Global Ratings said Wednesday.

The Florida Development Finance Corp. will issue $1.75 billion of bonds for the privately owned passenger train project.

Brevard County will subsidize Bezos' Blue Origin with $8 million, though a recent court ruling says it can't issue bonds to raise the funds.

The Florida Development Finance Corp. will be asked to be the conduit issuer for $1.75 billion of PABs on behalf of the project's private owners.