Southeast

Mere talk that the federal government should divest the Tennessee Valley Authority has had a negative consequence, the head of a local power utility said.

Atlanta plans to refund $705.5 million of bonds originally sold to finance improvements at Hartsfield-Jackson Atlanta International Airport.

Moody's drops Covington, Ky.'s bonds to Baa1 citing a history of deficit spending by the city whose finance director recently pleaded guilty to stealing $800,000.

The Louisiana State Bond Commission rejected a settlement with the Justice Department March 20 that would have resolved a federal housing discrimination suit.

Municipal bonds are a centerpiece in Orlando, Fla.'s plan to lure visitors and locals downtown with new and upgraded sports and arts venues.

Orlando, Fla., is pricing $238.6 million of bonds to finance downtown arts and sports venues, including a stadium that helped the local Orlando City club land a spot in Major League Soccer.

In a post-bankruptcy review, Moody's found that creditors received wide recovery rates in Jefferson County, Ala., and other recent municipal bankruptcies.

The Kentucky House passed a bill that would ban the use of tolls for the $3.5 billion Brent Spence Bridge project being planned by Kentucky and Ohio, while moving ahead with P3 projects elsewhere in the state.

Virginia DOT has stopped work on a $1.4 billion toll road until it obtains final federal environmental clearance.

As Mississippi legislative session winds down, the state's first debt study will guide lawmaker on bond financing decisions, said State Treasurer Lynn Fitch.