Utilities

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

Nuveen LLC reached an agreement to sell its 11% equity stake in Vistra Vision to Vistra Corp., that started as municipal bonds ensnared in a bankruptcy.

Analysts say the Jacksonville, Florida, utility has been able to move past concerns over its attempt to breach a contract with MEAG and to privatize.

S&P cited increased near-term capital needs in explaining the lowered outlook.

The sale follows the utility's successful initiation of two nuclear power units in the last 13 months.

New facilities should reduce and ultimately eliminate the authority's current $5 million a month operating loss.

LIPA's prepares to go to market with new leadership as it prepares to decide on its next power supply management services provider.

Oconee County using bond proceeds for a sewer that will benefit only some residents may violate the state constitution.