WASHINGTON – The Internal Revenue Service announced today that it is accepting applications from cooperative electric companies for $190.8 million of unallocated new clean renewable energy bond authority left over from the $2.4 billion authorized as part of the stimulus act.
Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.
The long end of the curve has stabilized at very attractive yields, according to CreditSights' Pat Luby, inviting insurance companies and banks into the negotiated market.
"The regulatory environment has become increasingly complex and overwhelming for smaller firms," said Sycamore Advisors LLC president Diana Hamilton.
U.S. Secretary of Transportation Sean Duffy says the loan will allow the long-sought bridge and Bayway project to be built.
Data centers are expected to produce $1.3 billion in tax revenue for Loudoun County this year, but opponents say the exemptions are costing much more than the property taxes they are generating.
New Jersey's Transportation Trust Fund Authority, once in a "spiral of debt," is now fiscally stable. Its most recent bond deal offered investors attractive yields.
