Utilities

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.

"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.

The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.

Rating agencies, infrastructure analysts and stakeholders are asking questions about the modeling assumptions underpinning data center financings.

PNC added bankers to its higher education and West Coast teams.

The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.

Superior, Wisconsin, officials are mulling a bond-financed acquisition of the water system currently owned by private firm Superior Water, Light, and Power.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

Realty Income, a real estate investment trust concentrated in low-risk retail and industrial real estate, was the funding recipient on the $675 million deal.

The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.

Texas is set to become the world's largest data center market by 2030, according to JLL.