Utilities

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

EPB of Chattanooga is seeking the new funds for capital work necessary to accommodate the Tennessee city's expected population growth.

"Transmission is often a pressing need. Routing power around more efficiently with fewer losses helps to maintain the integrity of the system," said John Hallacy.

Georgia Power and Oglethorpe Power agreed to new terms for cost overruns on two new Plant Vogtle nuclear reactors.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

The district plans an aggressive capital program in the next few years to meet rising demand and transition away from coal-fired plants.

Mainers will be asked in November if they want to create a public utility to buy out operations of investor-owned Central Maine Power and Versant Power.

Utilities have faced lawsuits following wildfires for their perceived role in the destruction.

"The improved rating outlooks are critical for the Power Authority to ensure that we can continue leveraging the capital markets," said NYPA President and CEO Justin E. Driscoll.

Three utility entities associated with the development of nuclear energy in Georgia have received better rating outlooks from S&P Global Ratings.

The Tennessee Valley Authority has $19 billion of outstanding bonds and provides power to 10 million people.

John Di Stasio, president of the Large Public Power Council, said while the industry faces some pressures, public power systems are stable with growing revenues and healthy cash coverages.

There is a growing likelihood that the July 17 plan of adjustment hearing will be postponed.

Typhoon Mawar's impact on the service area is the rating agency's biggest concern.

The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.

The city north of Detroit says it can't afford to make good on a $24 million debt owed to the Great Lakes Water Authority and in the absence of state help has raised state-approved bankruptcy as an option.

Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

The authority will borrow to pay off its debt at about 50 cents on the dollar.

A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.