Southwest

The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm. 

The Oklahoma Turnpike Authority received state approval on Wednesday for a $200 million revolving line of credit to jumpstart its $5 billion expansion program, but will not be able to spend a portion of the money unless a lawsuit is resolved in its favor.

Opposition to the Oklahoma Turnpike Authority’s $5 billion, bond-financed improvement and expansion project is heating up with a lawsuit seeking to block it filed ahead of a meeting to consider initial financing. 

Texas ballots are bursting with $18.5 billion of bonds Saturday as cities and school districts ask voters to approve 207 bond measures.

Total April volume was $34.329 billion in 729 deals versus $37.105 billion in 1,124 issues a year earlier.

Oklahoma is poised to follow in the footsteps of Texas by barring banks from municipal bond deals if deemed to be against firearms and fossil fuel industries.

Crews & Associates, a top underwriter in Arkansas, eyes move into addirional states.

After a four-year absence, Utah’s Intermountain Power Agency returns to the municipal market with nearly $552 million of power supply revenue bonds.

Having completed its first flood management P3, the Army Corps is embarking on a pair of P3 financings to restore urban ecosystems.

Phoenix’s ratings were affirmed and its general obligation bond outlook was raised to stable from negative by Moody's.