Economy

The Illinois Municipal Electric Agency agreed with 29 of its 32 members on new contracts that last until 2055, but the holdouts include two large customers.

A two-year process and a new financing vehicle were needed for the New York Power Authority to price the first prepay energy deal in the state. 

Streamlining federal permitting and partnering with state DOTs are among the priorities for the next surface transportation bill.

"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.

With big state incentives and tariff protection, a United Arab Emirates-based aluminum producer has pledged to build the first new U.S. smelter in decades.

Tim Ruby has joined Wells Fargo as its healthcare, higher education and not-for-profit division executive. He will be based in Chicago.

Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.

The Public Service Commission said it will reconsider rates at its August meeting.

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

The layoffs will mean a hit to basic services and the cancellation or delay of projects.

Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.

The deal is the second large bond issued from the Public Energy Authority of Kentucky this year.

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

Senator Joni Ernest has reintroduced the Modernizing Agricultural and Manufacturing Bonds Act, long- simmering bipartisan legislation backed by the CDFA and BDA.

Oregon's Senate president altered the make-up of the transportation committee to get the massive tax bill passed.

A federal judge has issued a temporary injunction against the U.S. Department of Transportation's attempt to withhold federal funds from states judged to be in noncompliance with the Trump administration's immigration policies.

The bonds will help fund the agency's capital improvement plan.

The action stems from conduct that occurred from 2020-2023, FINRA alleged.

Fitch cited the authority's stronger margins in recent years.

The tribal movement toward energy independence through renewable-powered microgrid projects has been slowed, if not stalled, by shifting political winds.