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The unrated 40-year bond issue was marketed to sophisticated institutional buyers familiar with the legal dispute between MEAG and Florida's JEA.
July 24 -
Gov. Gavin Newsom signed the bill to establish the wildfire fund, to be seeded with new bonds backed by an old utility ratepayer surcharge.
July 12 -
Mark Bonsall will take over the troubled South Carolina-owned utility and lead its restructuring and reform team.
July 10 -
A bailout of FirstEnergy Solutions Ohio nuclear plans would enhance what can be paid to bondholders under the company's Chapter 11 reorganization.
July 5 -
S&P Global Ratings cut its rating to A from A-plus, and maintained a negative outlook on the South Carolina Public Service Authority.
June 27 -
Lawmakers agreed to get bids for the state-owned utility, although a final decision on a sale won’t be made until 2020.
May 22 -
Achenbach, a former Moody’s analyst, opened AGVP Advisory to advocate for clean reliable energy and to do pubic finance consulting.
May 22 -
Austin Energy expects to reduce the cost of power from an East Texas biomass plant by buying the Nacogdoches facility.
May 20 -
Issuers of the Clean Energy Bonds would have the option of offering the bond as a tax credit bond, or as a direct-pay bond, where the Treasury Department reimburses the bond issuer at a rate of up to 70% of the interest cost, according to a summary of the bill.
May 3 -
As the company moves to exit Chapter 11, it wants Ohio and Pennsylvania to force ratepayers to subsidize its unprofitable nuclear power plants.
May 2