Utilities

The Illinois Municipal Electric Agency plans to sell $600 million of refunding bonds in July, amid questions about member contracts after the bonds' maturity.

Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.

Dan Aschenbach and Namsoo Lee created Municipal Financial Solutions Associates to help utilities manage the changing economic and regulatory landscape.

Higher borrowing costs without the tax exemption could force public water, sewer and power providers to raise rates, neglect infrastructure, or sell systems.

Plaintiffs are challenging Oconee County's use of general obligation bonds repaid by taxpayers countywide to fund sewer improvements serving a small area.

The bonds, which are expected to sell soon, are rated A1 by Moody's Ratings.

The series 2025B Black Belt Energy Gas District bonds are rated Baa1 by Moody's Ratings based on Deutsche Bank's key role in the transaction.

With at least one important aquifer reaching peak allowable draw this year, Florida's water utilities are looking at a variety of infrastructure approaches.

Management is hiring a municipal advisor to evaluate its financial strategy.

S&P Global Ratings revised the outlook on Southern California Edison and its parent company citing the potential depletion of the state's bond wildfire fund.

Two public electric utilities in Los Angeles County received negative outlooks from S&P citing costs, liabilities, and litigation stemming from wildfires.

The introduction of new engines in a northern power plant and the opening of a solar farm in the south have reduced the authority's operating costs.

The Los Angeles-area wildfires have sparked a negative rating watch for several credits from Fitch Ratings.

Trading in Los Angeles credits has become more volatile. An L.A. Department of Water and Power deal slated for Wednesday went day-to-day.

The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds with a mix of new money and refunding debt.

A decline in debt service coverage drove S&P's four-notch downgrade for Salinas, California, sewer revenue debt, which it placed on CreditWatch negative.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

The upgrade affects most but not all of MEAG's outstanding bonds.

Observers say the decision may be a credit positive for the financially struggling utility