Economy

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

Fitch Ratings did a deep dive on the nation's major airport capital programs, as projects have begun, and how they plan to fund them.

EPB of Chattanooga is seeking the new funds for capital work necessary to accommodate the Tennessee city's expected population growth.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

The upgrade "reflects a material improvement in the MTA's fiscal outlook, which was largely driven by New York State increasing the maximum rate of the payroll mobility tax," Fitch said.

Michael Whitaker, a career aviation executive, has been unanimously confirmed by the Senate to lead the FAA following Steve Dickson's resignation in March 2022.

San Francisco City Administrator Carmen Chu highlighted challenges the city faces, and how city leaders plan to solve them.

Record-breaking hot temperatures in the Southwest this summer likely had economic consequences and could focus the municipal bond market on heat-related credit risks and infrastructure needs.

The Gulf of Maine offers "significant opportunities" for offshore wind energy development, federal authorities announced. That's good news for state officials hoping to tap the technology's potential to meet green energy goals.

"Transmission is often a pressing need. Routing power around more efficiently with fewer losses helps to maintain the integrity of the system," said John Hallacy.

"A lot of these priority items are bottlenecking, said Brian Egan, director of government affairs at the National Association of Bond Lawyers.

Georgia Power and Oglethorpe Power agreed to new terms for cost overruns on two new Plant Vogtle nuclear reactors.

The study confirms the Bay is one of the most valuable in Florida, says Miami-Dade County Mayor Daniella Levine Cava.

M. Elizabeth Walker and Jerimi J. Ullom have joined law firm Barnes & Thornburg's Indianpolis office as healthcare and public finance partners.

The hire by Missouri-based Stifel comes as some broker-dealers trim ranks amid weak issuance.

Funds invested into risky private equity and real estate could flow into bonds

KBRA upgraded the long-term rating on the state's special tax obligation transportation infrastructure purposes bonds to AAA with stable outlook from AA-plus ahead of the deal, slated for the week of Oct. 16.

Peter Lam has served as bond counsel to state and local issuers for public and privately placed bond issuances.

"It's important to take this opportunity to strengthen our relationship with Japanese leaders and employers," said Gov. Roy Cooper.

The largest healthcare strike in U.S. history hit Kaiser Permanente Wednesday. The nonprofit giant operates 39 hospitals and 622 medical offices.