Utilities

The Electric Reliability Council of Texas and CPS Energy, the public utility of the city of San Antonio, were downgraded after the cold weather power crisis.

Brazos Electric Power Cooperative filed for bankruptcy saying it can't pay the electric bills foisted on it by the state's grid operator, ERCOT.

Texas' failure to supply the power needed to save lives in a deep freeze is seen as threat to the state's recruitment of new business investment.

The deep freeze, and Texas power market structure, left the state's public utilities with sky-high wholesale power bills and a trail of burst water pipes.

The state's largest authority pulled off a $1.23 billion issuance that included its inaugural green bonds, and it did so during the height of the coronavirus pandemic.

Facing resistance from the local investor-owned utility, the Colorado college town ended its bid to form a municipal utility and signed a new franchise deal.

University of Idaho's P3 could be a model for future university deals, according to Wells Fargo bankers.

South Carolina-owned utility Santee Cooper issued A-rated revenue and refunding bonds that achieved $134 million in net present value savings and drew $3.5 billion in orders from yield-starved investors.

A blaze in the wine country north of San Francisco more than quadrupled in size overnight to 11,000 acres.

Details of the pending investigation are sketchy but the legislation improved the value of a then-bankrupt FirstEnergy subsidiary's municipal bonds.

Puerto Rico's governor promotes an insider to run the power authority.

The Puerto Rico Electric Power Authority would save around $600 million by using alternative energy, according to a regulatory proposal.

Financial challenges posed by the COVID-19 pandemic have not slowed long-term capital initiatives at public power firms.

Renewable energy — already supplanting coal on the basis of economics — could become the major power source 15 years earlier than expected, researchers said.

Southern Co.’s long-troubled project to expand its Vogtle nuclear plant in Georgia is “highly unlikely” to meet state deadlines and is apt to face additional budget overruns, according to a local monitor.

California Public Utilities Commission approval is one hurdle for PG&E, which must exit bankruptcy by June 30 to qualify for a $21 billion bond fund.

Dan Aschenbach of AGVP Advisory LLP walks us through the more controversial developments regarding Santee Cooper, JEA, and PG&E. He suggests alternatives are winning but have the issue of reliability to consider. John Hallacy hosts.

SCE&G, and former SCANA executives, violated securities laws while overseeing the defunct V.C. Summer project, the SEC said.

House Bill 653 would prohibit a municipal electric utility from using its revenues to finance general governmental functions.

On Sunday Puerto Rico's governor said she would oppose rate increases to support the authority's debt restructuring.