Utilities

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.

The Massachusetts Municipal Wholesale Electric Co. sold its ownership interests in W.F. Wyman Station Unit 4, citing the need for a different power supply mix.

A new state law established the wildfire fund to provide a financial buffer for claims against utilities.

Marybel Batjer will head the Public Utilities Commission as investor-owned utilities struggle with wildfire liabilities.

Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.

Mark Bonsall will take over the troubled South Carolina-owned utility and lead its restructuring and reform team.

S&P Global Ratings cut its rating to A from A-plus, and maintained a negative outlook on the South Carolina Public Service Authority.