North Carolina

Governor Pat McCrory signed a bill authorizing North Carolina Eastern Municipal Power Agency's asset sale to Duke Energy.

North Carolina Gov. Pat McCrory has recommended a combined $102.7 billion state budget for fiscal 2016 and 2017, along with up to $2.8 billion in bond financing.

Standard & Poor's lowered its ratings on the general revenue bonds of the University of North Carolina at Charlotte to A-plus from AA-minus because of increased borrowing.

North Carolina Gov. Pat McCrory plans to ask legislators for $2.6 billion in separate bond programs to fix neglected buildings and fund strategic road.

Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.

The Charlotte, N.C., City Council agreed to restructure two non-recourse bank loans obtained as part of the financing to build the NASCAR Hall of Fame.

The Federal Energy Regulatory Commission approved Duke Energy's $1.2 billion purchase of the North Carolina Eastern Municipal Power Agency's generating assets.

Charlotte, N.C., wants the FAA to settle a lengthy governance dispute between local and state officials over Charlotte Douglas International Airport.

South Florida's Broward County School District wants voters to OK $800 million in GO bonds on Nov. 4, which leads a slate of referendums on ballots across the Southeast.

The N.C. Eastern Municipal Power Agency's outlook is positive due to the pending sale of its assets to Duke Energy Progress, Moody's said.

Charlotte, N.C., will ask the Local Government Commission Tuesday to approve a $498 million debt financing plan, which includes a GO bond referendum next month.

Fitch Ratings and Moody's Investors Service have downgraded various ratings of Salisbury, N.C., because of its fledgling fiber optic broadband service.

North Carolina Gov. Pat McCrory plans to recommend a $1 billion transportation bond program to the General Assembly next year.

The N.C. Eastern Municipal Power signed the deal to sell its assets to Duke, which requires taking out $1.87 billion in outstanding debt. Regulatory approvals lie ahead.

As funding declines for road services, North Carolina has decided to allow private sponsors to pay for programs in return for advertising benefits.

North Carolina's Fayetteville Public Works Commission plans to price $110 million in revenue bonds in a rare competitive deal.

With little supply and investors seeking high-grade bonds, Wake County, N.C., hopes to fill some of those needs a $345 million competitive GO deal Tuesday.

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 appellate panel Thursday ruled that North Carolina’s plan to replace the 50-year-old Bonner Bridge must be reconsidered by a lower court.

The N.C. Eastern Municipal Power Agency inked a deal to sell its generating assets, which requires retiring or defeasing $1.87 billion in outstanding revenue bonds.