Kentucky

Saddled with high electric rates, the Paducah Power System in Kentucky will investigate its fiscal obligations to the beleaguered Prairie State Energy Campus.

Allowing one person to appoint members to the Cincinnati/Northern Kentucky International Airport board is "atypical" compared to similar airports, said Fitch.

Kentucky State University's plan to disenroll 645 students for failing to pay will exacerbate stressed operations but could be credit positive, said Moody's.

Kentucky's auditor wants legislators to restructure the Cincinnati/Northern Kentucky International Airport board after uncovering questionable expenses, policies.

A group of ratepayers from a Chicago suburb are suing five advisors and consultants, accusing them of misrepresenting the value of participation in the bond-financed Prairie State Energy Campus to the city of Batavia.

Ratepayers from a Chicago suburb will file a lawsuit as soon as Tuesday seeking compensation for steep energy rate hikes they've paid due to cost overruns at the bond-financed Prairie State Energy Campus coal-fired power plant.

Louisville Water Co. got 11 bids for $63.2 million in advance refunding bonds that resulted in more savings than anticipated, officials said.

Southeast municipal bond issuers sold $21.78 billion of debt in the first six months of the year, a 31.4% decline driven by fewer taxable and refunding deals.

A federal appeals court dismissed a lawsuit over the massive $2.6 billion Ohio River Bridges Project being built by Kentucky and Indiana.

Louisville Water Co., Ky., plans to advance refund $64.3 million in bonds as analysts and traders see market conditions increasingly favor the refunding sector.

A Kentucky contractor filed a discrimination suit claiming it lost work on the Ohio River Bridges Project due to state delays certifying the minority business.

Kentucky Gov. Steve Beshear will dip into the state's rainy day fund to help reduce the fiscal 2014 budget and fill a $91 million general fund deficit.

Moody's downgraded the ratings of King's Daughters Medical Center, Ky., to A3 from A2, with a continued negative outlook, partly because of a $41 million Department of Justice settlement.

The double-A rated University of Kentucky competitively prices $100 million of refunding bonds on Thursday.

Covington, Ky.'s former finance director was sentenced to 10 years in prison for embezzling more than $793,000 in city funds, a judge decided June 6.

King's Daughters Medical Center will pay $40.9 million to settle allegations of federal health care fraud, a penalty that is among the largest of its kind in Kentucky.

Kentucky Gov. Steve Beshear signed a bill May 1 help finance $180 million in improvements at the Kentucky International Convention Center in Louisville.

Kentucky plans to use bond financing to partially fund upgrading high-speed Internet access across the state through fiber optic lines.

The Lexington-Fayette Urban County Government in Kentucky expects to competitively sell about $61.71 million of bonds on April 22 in order to redeem $60.47 million of Build America Bonds that it issued in 2010, an issuer official said.

Kentucky Gov. Steve Beshear vetoed enabling legislation for statewide use of public-private partnerships late Friday saying it was wrong to enshrine in law a toll ban on a long-planned $3.5 billion bridge project.