Utilities

Some local governments have begun formal assessments about whether electric services to their communities should be municipalized or whether their existing franchise agreements can be updated in their favor.

The Public Service Commission said it will reconsider rates at its August meeting.

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

The deal is the second large bond issued from the Public Energy Authority of Kentucky this year.

Fitch cited the authority's stronger margins in recent years.

The U.S. Virgin Islands WAPA said the Public Service Commission's reduction of electric rates jeopardizes its ability to pay bills and provide electric service.

The action follows an upgrade for the sole purchaser of its power.

The utility expects the bonds to have an all-in true interest cost of 4.91%.

Colorado's largest water utility is prohibited from expanding Gross Reservoir, but can continue construction on Gross Dam, according to the ruling.

Main Street Natural Gas, a blended component unit of Georgia Gas, issues most of the authority's debt.