Law and legal issues

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

A federal judge appointed an attorney to facilitate an agreement between Flint and the Michigan Department of Environmental Quality.

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.

Halting the work is expected to save customers nearly $7 billion in additional costs, the state-run agency known as Santee Cooper told bondholders.

Less than two years after filing for bankruptcy protection, the private operator of a section of SH 130 toll road near Austin has reorganized with new financing.

South Carolina and Georgia nuclear reactor owners inked deals supporting the projects, though they’re still deciding whether to complete them.

All Aboard Florida foes urged USDOT to use “extreme caution” reviewing a loan for the train project.

Buena Vista was denied access to state borrowing programs because the city failed to pay its golf course debt.

The cost is tied to water costs under current contract and covering its KWA bond obligation.

A judge approved Navicent Health’s bid for the purchase of Oconee Regional Medical Center.

The agreement allows owners of two new reactors at Plant Vogtle to take over construction.

Gov. Mark Dayton's legislative veto was overturned by a lower court.

Regulators will hear claims that ratepayers face hikes from a “bungled” nuclear reactor project.

The debt would help finance a project to divert Red River floods away from Fargo, N.D. and Morehead, Minn.

Sean Carney, director and head of municipal strategy at BlackRock, talks about municipal issuance in the first half of 2017 and makes some predictions on how the second half of the year will look. He also discusses distressed states — which state could recover first and why and how a downgrade of Illinois would be a big deal for the market. Hosted by Aaron Weitzman in a conversation recorded on June 29.

Two CDDs argue their bond plans comply with state law despite a challenge by residents.

The tax revenue could also be used to make up shortfalls in pension or bond payments.

A group of hedge funds that owns $3.3 billion of Puerto Rico bonds disclosed in court documents the amount that each of them holds.

The county’s 25-year, $339 million refunding sold with an all-in, true-interest cost of 3.38%.

As the crisis in Puerto Rico continues to drag on, Paul Kwiatkowski, managing director at Kroll Bond Rating Agency discusses the differences between municipal and corporate creditors in bankruptcies and how we can look back at Detroit for clues on how things might turn out. Hosted by Aaron Weitzman.