Utilities

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.

A new law lifts the revenue bond cap for the Grand River Dam Authority to $3.6 billion from $1.41 billion

Moody's based this downgrade on the lowering of the rating of the United States government.

Veteran muni banker Debra Saunders is working to help tribal governments access government financing and debt markets for energy projects.

The third-most-populous Louisiana city is closing out a 2021 bond authorization, but has plenty left from a 2024 bond referendum.

The Illinois Municipal Electric Agency plans to sell $600 million of refunding bonds in July, amid questions about member contracts after the bonds' maturity.

Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.

Dan Aschenbach and Namsoo Lee created Municipal Financial Solutions Associates to help utilities manage the changing economic and regulatory landscape.

Higher borrowing costs without the tax exemption could force public water, sewer and power providers to raise rates, neglect infrastructure, or sell systems.

Plaintiffs are challenging Oconee County's use of general obligation bonds repaid by taxpayers countywide to fund sewer improvements serving a small area.

The bonds, which are expected to sell soon, are rated A1 by Moody's Ratings.

The series 2025B Black Belt Energy Gas District bonds are rated Baa1 by Moody's Ratings based on Deutsche Bank's key role in the transaction.

With at least one important aquifer reaching peak allowable draw this year, Florida's water utilities are looking at a variety of infrastructure approaches.

Management is hiring a municipal advisor to evaluate its financial strategy.

S&P Global Ratings revised the outlook on Southern California Edison and its parent company citing the potential depletion of the state's bond wildfire fund.

Two public electric utilities in Los Angeles County received negative outlooks from S&P citing costs, liabilities, and litigation stemming from wildfires.