Utilities

Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.

Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.

Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.

Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.

Seven of Colorado-based Tri-State Generation and Transmission Association's member utilities are considering an exit.

The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.

Winter sharpens the political focus on Texas' February power failure and efforts to prevent another.

Puerto Rico Gov. Pedro Pierluisi said the power agency's new leaders must end the outages plaguing the island.

The Long Island utility intends to sell electric system general revenue bonds in three tranches.

The fight between the governor and the legislature over control of the beleaguered utility is heading to the local Superior Court.

A pair of bond sales coming out of the Carolinas found homes with investors this week as demand for the paper was high.

FirstEnergy will pay $230 million under a deferred prosecution agreement with federal authorities in the alleged pay-to-play that benefitted its former subsidiary FirstEnergy Solutions.

Texas stumbled toward summer as power again hit peak demand as Gov. Greg Abbott signed bills to upgrade the electrical system.

Texas lawmakers are facing a special session after a battle over elections, firearms and finance.

In the waning days of the Texas Legislature, lawmakers tweaked plans to help utilities absorb billions of charges stemming from February's winter storm.

A Utah Infrastructure Agency bond deal will bring the city of Pleasant Grove onto the Utah Telecommunication Open Infrastructure Agency's Utopia fiber network.

Arizona and neighboring states are preparing for the first mandatory cuts in water from the Colorado River after 20 years of drought.

UTIER uses a broad range of arguments against LUMA Energy taking over Puerto Rico's energy transmission and distribution system.

The City Council rebooted the bidding process after 101-year incumbent SDG&E was the lone bidder in last year's process.

CPS Energy will issue $367 million of bonds to retire commercial paper, after absorbing a pair of downgrades following the Texas power distribution crisis.