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)

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