Bankruptcy

As the company moves to exit Chapter 11, it wants Ohio and Pennsylvania to force ratepayers to subsidize its unprofitable nuclear power plants.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

The Trump administration will finalize $3.7 billion in loan guarantees to Southern Co. and its partners who are building a troubled nuclear reactor project in Georgia.

A Chicago-area ice rink facility built with $20 million of bonds is being sold for $10 million.

The ruling ends the ratepayers’ appeal, although they intend to pursue adversary cases filed in the original Chapter 9 case, attorney Calvin Grigsby said.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.

Ratepayers on the Jefferson County, Alabama, sewer system said the high court should decide if their appeal can proceed.

About $920 million of the investor owned utility's debt is in the form of municipal bonds.