| ELECTRIC POWER FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $7,634.4 | 106 | $5,225.4 | 98 | +46.1 |
| First Quarter | 2,523.4 | 55 | 1,444.6 | 35 | +74.7 |
| Second Quarter | 5,111.0 | 51 | 3,780.7 | 63 | +35.2 |
| Tax-Exempt | 6,378.1 | 84 | 4,379.5 | 81 | +45.6 |
| Taxable | 1,232.5 | 20 | 823.4 | 16 | +49.7 |
| Minimum-Tax | 23.7 | 2 | 22.5 | 1 | +5.3 |
| New-Money | 2,348.2 | 36 | 1,481.9 | 45 | +58.5 |
| Refunding | 2,913.8 | 52 | 2,665.4 | 37 | +9.3 |
| Combined | 2,372.4 | 18 | 1,078.1 | 16 | +120.1 |
| Negotiated | $7,179.1 | 93 | $4,789.2 | 81 | +49.9 |
| Competitive | 444.1 | 12 | 341.6 | 10 | +30.0 |
| Private Placements | 11.2 | 1 | 94.6 | 7 | ?88.2 |
| Revenue | 7,610.3 | 102 | 5,188.1 | 93 | +46.7 |
| General Obligation | 24.1 | 4 | 37.3 | 5 | ?35.4 |
| Fixed-Rate | 7,160.4 | 102 | 4,624.8 | 91 | +54.8 |
| Variable-Rate (Short Put) | 474.0 | 4 | 110.9 | 3 | +327.4 |
| Variable-Rate (Long/No Put) | 0.0 | 0 | 54.6 | 2 | ?100.0 |
| Zero-Coupon | 0.0 | 0 | 0.0 | 0 | n.m. |
| Linked-Rate | 0.0 | 0 | 435.0 | 2 | ?100.0 |
| Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
| Convertible | 0.0 | 0 | 0.0 | 0 | n.m. |
| Bond Insurance | 138.2 | 7 | 56.6 | 9 | +144.2 |
| Letters of Credit | 474.0 | 4 | 108.0 | 2 | +338.9 |
| Standby Purchase Agreements | 0.0 | 0 | 0.0 | 0 | n.m. |
| Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
| Guaranties | 0.0 | 0 | 10.5 | 1 | ?100.0 |
| State Governments | 19.6 | 2 | 22.5 | 1 | ?12.9 |
| State Agencies | 2,470.3 | 24 | 517.7 | 9 | +377.2 |
| Counties & Parishes | 4.0 | 1 | 10.5 | 2 | ?61.9 |
| Cities & Towns | 1,907.7 | 31 | 620.8 | 35 | +207.3 |
| Districts | 1,019.4 | 21 | 430.9 | 14 | +136.6 |
| Local Authorities | 1,414.4 | 19 | 2,110.8 | 29 | ?33.0 |
| Colleges & Universities | 0.0 | 0 | 0.0 | 0 | n.m. |
| Direct Issuers | 746.3 | 6 | 1,457.6 | 6 | ?48.8 |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 52.7 | 2 | 54.6 | 2 | ?3.5 |
| Bank-Qualified | 95.5 | 28 | 120.4 | 40 | ?20.7 |
| Build America Bonds | 0.0 | 0 | 300.0 | 1 | ?100.0 |
| Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
| Other Stimulus | 85.4 | 2 | 43.1 | 4 | +98.1 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)
