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While an Oklahoma regulatory official said the bond sale's results for ratepayers was “simply horrifying,” the rapid increase in U.S. Treasury and municipal interest rates since the start of the year were directly correlated.
July 21 -
A heat wave blasting Texas and other states is unlikely to lead to days-long blackouts as 2021's Winter Storm Uri did, the rating agency said.
July 19 -
The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.
July 1 -
The authority will takes steps to raise $1 billion to address expected growth of expenses.
May 20 -
Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.
February 28 -
Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.
February 25 -
Gross savings from the transaction is expected to be $378 million, or about $11 million a year, which would result in around $250 million in net present value debt service savings.
February 9 -
Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.
February 7 -
Seven of Colorado-based Tri-State Generation and Transmission Association's member utilities are considering an exit.
December 13 -
The $35 million of tax-exempt and taxable notes were privately placed with Nuveen.
December 10