Energy industry

Austin Energy expects to reduce the cost of power from an East Texas biomass plant by buying the Nacogdoches facility.

Issuers of the Clean Energy Bonds would have the option of offering the bond as a tax credit bond, or as a direct-pay bond, where the Treasury Department reimburses the bond issuer at a rate of up to 70% of the interest cost, according to a summary of the bill.

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

Mini-bond investors were damaged by the South Carolina-owned utility’s disclosure omissions, according to the suit.

Westinghouse, the former contractor for the utility’s failed nuclear reactor project, filed a lawsuit to recover property it says the state-owned utility is withholding.

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.

Lawmakers, without making a decision to sell, voted to get formal offers for the state-owned utility from four companies.

The surge in gas deals couldn’t overcome the region’s sharp decline in refundings, which led to an overall 22.6% volume decline.

Lawmakers are weighing legislation that would authorize $100 million of special purpose revenue bonds to build and operate the plant.

The Federal Energy Regulatory Commission said it had no authority over JEA’s agreement with the Municipal Electric Authority of Georgia to buy nuclear power.

Federal attorneys say Florida utility JEA's effort to repudiate its power purchase agreement could undermine the entire Plant Vogtle project.

A consultant was directed to prepare a new proposal outlining the next steps to take that could lead to a sale of the state-owned public utility.

Consultant ICF said four non-binding purchase proposals would defease or assume the state-owned utility’s $8 billion in debt.

A spokesman for Florida Attorney General Ashley Moody said she is reviewing an anti-blasting petition filed by South Carolina.

Federal permits to search for oil put the state’s economy, tourism and natural resources at risk, says South Carolina Attorney General Alan Wilson.

State-owned Santee Cooper has charged its former partner in the project, SCE&G, with mismanagement and breach of contract.

The bonds are secured by the power sales contract between American Municipal Power and 22 participants.

Moody's upgraded Paulding County. Ohio, to Aa3.

The wholesale public power authority will refund outstanding debt, refinance commercial paper, and fund nuclear fuel for reactors 1 and 2 at Plant Vogtle.

A think tank is urging residents to support selling the state-owned utility saying that would relieve ratepayers of paying billions in debt.