Hundreds of state and local policymakers signed a letter early this month in support of municipal bonds. At the same time, two members of the House of Representatives announced the creation of a new congressional caucus to protect the tax-exempt status of municipal bonds.
Moody's Investors Service on Dec. 14 affirmed the New York Power Authority's Aa1 bond rating on approximately $855 million of outstanding senior revenue bonds.
Reps. Randy Hultgren, R-Ill., and Dutch Ruppersberger, D-Md., were joined by more than 150 of their colleagues in sending a bipartisan letter on March 8 to leaders of the House Ways and Means Committee in support of tax-exempt municipal bonds.
As Congress considers how to rework the U.S. tax system, it should keep an important part of the tax system that already is working well — the tax exemption for municipal bonds, Rep. Randy Hultgren, R-Ill., said May 12.
Florida-based NextEra Energy and Hawaiian Electric Industries on July 18 scrapped their plans to merge after the Hawaii Public Utilities Commission rejected the proposed merger at the end of last week.
Maintaining tax-exempt financing for public power utilities is one of the most significant messages that hundreds of officials from American Public Power Association member utilities planned to deliver in visits to Capitol Hill this week as part of activities related to the Association's 2017 legislative rally, top officials from the Association said on Feb. 28.