Utilities

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.

State-owned Santee Cooper has charged its former partner in the project, SCE&G, with mismanagement and breach of contract.

A think tank is urging residents to support selling the state-owned utility saying that would relieve ratepayers of paying billions in debt.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.

Dominion Energy said its management offer can be structured to preserve Santee Cooper’s tax-exempt status.

Mayor Kevin Faulconer announced plans to form a joint-powers authority to provide electricity

The Clark Public Utilities District says improvements are needed for future customer growth.

The clock is ticking for California’s electricity providers -- public and private -- to convert to 100% carbon-free energy

Economics is driving Colorado Springs Utilities to reduce reliance on coal-fired electricity generation, its new chief executive says.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.

Moody's lowered the South Carolina-owned public utility’s bond rating to A2, and its bank bond rating to A3.

The proposals, which are up to the city commission for approval now, will likely be voted on later this month.

There doesn't seem to be much of an appetite for another set of increases to residential utility bills in Owensboro.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.