Southeast

Despite assurances that Paducah Power, Ky., has a financial recovery plan, Fitch Ratings downgraded the utility's bonds to BBB from A-minus on Wednesday.

The New Orleans Aviation Board expects to issue up to $659 million in revenue bonds in February to finance a state-of-the-art terminal and related infrastructure.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

The St. Petersburg, Fla., City Council decides Thursday whether to allow Major League Baseball's Tampa Bay Rays to search for a new stadium location in the region.

Moody's Investors Service sees a stable outlook for public power in 2015, as an improving U.S. economy outweighs slowing demand for electricity.

Florida economists said state general revenue collections are stronger than anticipated following their Dec. 15 estimate conference.

Alabama plans to price $508.5 million in highway bonds in mid-January backed by an AAA rating from S&P that could save the state $40 million, the governor said.

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

Georgia Gov. Nathan Deal created a special agency and brought in anew attorney for the state's defense in the lawsuit over water rights filed by Florida.

Virginia plans to offer federal qualified energy conservation bond financing to support the state's first program to assist public and private entities in implementing energy-saving projects.