Utilities

LIPA's $820 million capital plan for 2020 includes $559.7 million of bonds.

The nonprofit electricity wholesaler is refunding bonds issued in 2009 and 2015 that are tied to the Prairie State Energy Campus.

The risk of damage from wildfires is generally more severe than the significant economic and social costs of a shutoff, Moody's says.

Politicians are reacting to public frustration about wildfires and planned electricity outages.

The plan would rebuild the power system with a web of "micro grids," funded in part with federal and private money.

One plan would convert the investor-owned utility into a customer-owned cooperative, while local governments and agencies look at municipalizing PG&E assets.

The South Carolina-owned utility redeemed $360 million as part of a two-year plan to reduce debt and stabilize electric rates for five years.

Arizona's Salt River Project will sell $436 million of new money power revenue bonds.

The Jacksonville, Florida, municipal utility received 16 bids from buyers wanting to purchase its electric and water systems.

The city's municipal expects $44 million of present-value savings in the $244 million deal to refund 2010 BABs.

Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.

Oakland Park will issue green water and sewer refunding bonds that carry S&P Global Ratings’ highest Green Evaluation score of E1.

The Lower Colorado River Authority will price $169.5 million of revenue bonds.

The city approved a joint powers agreement with four other cities to purchase electricity to be delivered over San Diego Gas & Electric lines.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

While blowing off steam about the entrenched, investor-owned utility is popular, executing such a major change would be complicated.

LIPA plans to price $485 million of electric system general revenue bonds this week.

California joined 21 other states and seven local governments to sue the federal government in an effort to overturn what they see as pro-coal rulemaking.

Thousands of voters want the constitutional amendment on the 2020 ballot while utilities and groups ask the Florida Supreme Court to strike it down.

The review of the final credit, Chicago's senior-lien water bonds, was resolved when the bonds were defeased.