Economy

Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.

Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.

The proposal would offset all gas tax losses to the Highway Trust Fund but would still hasten its insolvency.

High material costs and labor shortages are expected to persist through 2022 just as states and localities are planning how to spend the Infrastructure Investment and Jobs Act money.

Texas Sen. John Cornyn urged counties to continue to lobby for a bill that would allow ARPA funds to be used for transportation infrastructure and disaster relief.

The feds said they expect states to partner with private entities to develop and operate the electric vehicle charging networks.

The previously unrated Santa Cruz Metropolitan Transit District will be the first transit agency to price debt to cover pension liabilities when it hits the market Wednesday.

Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.

Dennis Reilly will leave the conduit issuer after 26 years to focus on establishing a not-for-profit lending footprint for Fifth Third in Wisconsin.

It's the latest salvo in a growing controversy over the Federal Highway Administration's December memo discouraging states from building new highway capacity.

The market consensus is that interest rates will rise by two to three percentage points over the next three years. What will that mean?

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

The two Michigan-based systems completed their merger amid stepped-up federal anti-trust scrutiny but have not yet announced any changes to their existing debt portfolios.

The broker-dealer has added several people to a team that specializes in land-based municipal bond transactions.

Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.

Tax revenue declines and urban sprawl are among the possible unintended consequences of the rise in automated vehicles.

Washington plans to sell the GOs by competitive bid on Feb. 8 to fund various projects.

“The firm was founded on the principle that there should be a high performing investment banking firm wholly owned by women and minorities," says president and CEO Suzanne Shank.

Public-private partnerships can play a big role in U.S. transportation over the next decade, DOT Secretary Pete Buttigieg told governors.

The Municipal Securities Rulemaking Board voted to propose amendments to extend remote inspections until the end of this year, in addition to adjusting its fee model for the 2023 year.