Utilities

The fate of three coal-fired power plants located either in or near the Navajo Nation is murky as utilities seek cheaper, cleaner generation.

With plans to grow and improve more than 5,400 miles of electrical transmission lines, the Lower Colorado River Authority will issue $369.7 million of revenue bonds.

Lawmakers, without making a decision to sell, voted to get formal offers for the state-owned utility from four companies.

A consultant was directed to prepare a new proposal outlining the next steps to take that could lead to a sale of the state-owned public utility.

The Garden City Commission on Tuesday unanimously approved a charter ordinance that would give the city significantly more freedom in addressing general improvements and issuing general obligation bonds for certain projects.

Consultant ICF said four non-binding purchase proposals would defease or assume the state-owned utility’s $8 billion in debt.

The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.

California’s largest utility owner faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry.

Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

Amid bankruptcy talk about the investor-owned utility, the fate of its $18 billion in corporate bonds could impact the municipal bond market.