The grid has been doing its job for more than a century. Public power utilities are committed to continually upgrade the infrastructure, but we need to ensure that the means of financing these investments is not taken away from us.
S&P Global Ratings has affirmed ratings on the New York Power Authority's long-term bonds and short-term debt that rank among the highest given to public electric utilities nationwide, NYPA said on Jan. 13.
A new report from GTM Research sheds light on the nascent non-wires alternatives market.
The Internal Revenue Service should withdraw a proposal it issued early this year that would change the definition of the term "political subdivision" for purposes of tax-exempt bonds, the American Public Power Association and many other groups told the agency this month.
Florida-based NextEra Energy on July 29 said that it has entered into a definitive agreement under which a newly formed subsidiary of NextEra Energy will acquire 100 percent of the equity of a reorganized Energy Future Holdings Corp. and certain of its direct and indirect subsidiaries, including EFH's approximately 80 percent indirect interest in Oncor Electric Delivery Company.
Public power issuers "will likely manage the projected long-term decline in residential electricity consumption by using their inherent rate flexibility and lowering capex," said Fitch Ratings in a Dec. 27 news release.