1971: WPPSS starts borrowing money to build nuclear plants, and
1975: Construction starts on four additional nuclear plants.
1982: After years of huge cost overruns, two nuclear plants, Projects 4
1983: The biggest municipal bond default ever, $2.25 billion, occurs
1984: Project 2 begins operating.
1989: The utility returns to the bond market for the first of 14
1994: Projects 1 and 3 are formally cancelled.
1999: WPPSS cuts its price of power from 3.5 cents per kilowatt hour in
As headline risk swirls around the Fed and the transition to the Trump administration, municipals have largely stayed in their own lane. November finds the municipal market "in far better technical shape, with an attractive backdrop through at least year-end," J.P. Morgan's Peter DeGroot said.
The outlook change to negative comes in the wake of voter approval on Nov. 5 of a ballot measure requiring certain public safety spending by the city.
The Aloha State received three rating affirmations as it prepares to sell $750 million of taxable general obligation bonds.
A bond-financed rehab of the downtown sports arena is receiving pushback.
The Chicago City Council delivered a strong rebuke of Mayor Brandon Johnson's fiscal 2025 budget on Thursday, rejecting a $300 million property tax increase.
The announcement of $3.4 billion in grants for rail, roads and clean-energy efforts comes on the third anniversary of Biden's signature legislation.
