Public Financial Management Inc. has hired Alan Spen, a 19-year veteran of Fitch Ratings, to join its public power group and expand its business into power co-ops.

Spen, who has been in charge of Fitch's public power group for about 11 years, has spent much of his 35-year career focused on utilities. PFM managing director Michael Mace said he had worked with Spen on the other side of the table for about 20 years and hired him because of his vast background with public power credits.

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