Bonds and Financing
Texas public power utility Kerrville Public Utility Board on Dec. 12 announced that its inaugural Public Facility Corporation bond issuance, supporting the construction of KPUB’s new 122-megawatt natural gas-fired generation facility, has been named the 2025 Small Issuer Financing Deal of the Year by The Bond Buyer.
Reliability
Arizona public power utility Salt River Project ranked third nationwide among electric utilities serving more than 500,000 customers for reliability performance, according to the U.S. Energy Information Administration (EIA), SRP recently reported.
Workforce
New York Gov. Kathy Hochul recently announced $40 million in new annual workforce development funding over the next four years from the New York Power Authority (NYPA) to develop the workforce needed to support advanced nuclear energy in Upstate New York.
Reliability
The House of Representatives on Dec. 11 passed H.R. 3898, the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act, by a vote of 221-205.
Generation
Capital Power, which is headquartered in Canada, has entered into an memorandum of understanding with Apollo Funds to form an investment partnership to pursue the acquisition of merchant U.S. natural gas generation assets, with total potential committed equity of up to $3 billion.
Transmission
The PJM Interconnection reviewed the proposals being considered for the 2025 Regional Transmission Expansion Plan Window 1 during the Dec. 8 meeting of the Transmission Expansion Advisory Committee (TEAC).