Utilities

The rising cost of living, demographics, and growing utility demands are reshaping the credit profiles of municipal issuers and public utilities for the worse.

Participants in a power panel at The Bond Buyer's Infrastructure conference discussed current trends and the way forward for public power.

Fitch Ratings revised its outlook to stable from negative on the Corpus Christi utility and S&P removed it from CreditWatch with negative implications.

The Northern Illinois Municipal Power Agency returned to market for the first time in a decade as two of its three members re-evaluate their energy options.

KeyBanc Capital Markets will price for the Ohio Water Development Authority $160.1 million of water development revenue and revenue refunding bonds on Tuesday.

"The people of New Orleans deserve better results from the Sewerage and Water Board," said Mayor Helena Moreno.

The failure of California's recent wildfire liability legislation leaves investor-owned utilities like PG&E and SoCal Edison exposed to continued financial risk and potential ratings downgrades.

Market Intelligence analyst Jeff Lipton argues data center expansion will likely create a reallocation of risk and the market should price the contractual framework of a utility and how that insulates bondholders.

The ratings agency cited strong financial metrics and affordable utility rates.

Puerto Rico's electric authority, mired in nine-year-old bankruptcy proceedings, is running low on cash and its efforts to reduce outages aren't succeeding.

More than 30 municipal water systems in Minnesota — and more in other states — were hit by a coordinated cyberattack last week that spurred an FBI alert.

Fitch cited very strong revenue defensibility and the expectation the utility's finacial profile and performance will improve.

Leverage issues led to Fitch lowering the outlook on the AA-minus-rated bonds.

S&P said its earlier rating had its origin in an incorrect methodology.

The U.S. Department of Housing and Urban Development is suspending between $1 billion and $2 billion of aid approved.

The deal funds the municipalization of a private water utility that had been controlled by investor-owned utility Eversource.

The committee's focus will be quickly devise means to address the Water and Power Authority's long-term obligations.

S&P cited the county's limited flexibility to set its rates and escalating capital investment needs. 

The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.

Squire Patton Boggs alum Sarah Vilms will advocate for large public power providers in D.C. at a time when the demand for electricity is skyrocketing.