Regional News

The utility responded that it is not eligible to declare bankruptcy.

92% of the holders or insurers of Puerto Rico Electric Power Authority bonds reportedly now oppose the Oversight Board's proposed restructuring deal.

Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.

The three Puerto Rico Oversight Board members can resume their positions immidiately, District Court Judge Maria Antongiorgi-Jordan ruled.

A $1.2 billion revenue bond required the Columbus Regional Airport Authority to "start from scratch." The result is The Bond Buyer's Midwest Deal of the Year.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

Ten winners across five regions and five additional categories will be celebrated Dec. 2 in New York City, where one will be crowned the overall Deal of the Year.

The Fargo-Moorhead Metropolitan Area Flood Risk Management Project had a deadline Friday for bondholder consent to a settlement resolving construction disputes.

The New York Power Authority created a new in-state conduit issuer to maximize savings and benefits for New Yorkers on a prepaid electricity deal.

Connecticut transferred about $1.5 billion in excess budget reserves to its state employees' and teachers' pensions, said State Treasurer Erick Russell.

The rating agency lowered the outlook to stable on its A-plus rating, saying Pennsylvania didn't do itself many favors in its fiscal 2026 budget season. 

New cost estimates for the repair of tolled Key Bridge in Baltimore, which is already under scrutiny by the Trump administration, indicate the price could be as much as $5.2 billion, more than double the original number.

Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.

The deal would give the company time to seek additional equity, debt and federal funds.

The railroad corporation's bond financing used a creative risk transfer approach to replace a crumbling cruise ship dock and terminal building.

The situation is worsening, driven by rising costs and AI revenue risks, the forecast warns.

Moody's cited prospects for reduced operating deficits, generally stable enrollment and strong philanthropic support.

The project was the Georgia's first revenue-risk P3 and lays the groundwork for future express lane P3s.

The Virginia Port Authority wanted to secure the future of a key container shipping facilty. The result is the Bond Buyer's Southeast Deal of the Year.

The massive I-285 East express lanes project in metro Atlanta will be procured in two phases.

The funds supported new facilities and housing, helping address challenges Navajo Nation communities face, such as long-distance travel and limited access to health care.

The Kerrville Public Utility Board Public Facility Corp.'s bond sale and acquisition of a state loan for the project is a tale of perseverance.

The $6.3 billion all-funds budget was amended in the wake of the Nov. 4 defeat of a property tax rate increase that would have raised $109.5 million in revenue.

After terminating the project in September, the council approved an initial deal with a new contractor team to develop design and construction options.