Fitch Upgrades Ratings for Keys Energy Services to ‘AA-‘
Fitch Ratings on April 12 upgraded revenue bonds for Florida public power utility Keys Energy Services to AA-.
TVA Prices $1 Billion of New Five-Year Global Power Bonds
The Tennessee Valley Authority priced $1 billion of new five-year maturity global power bonds on March 27, with an interest rate of 3.875%. This is TVA’s first bond offering with a five-year maturity since 2020.
Calif. Community Choice Aggregator Taps Green Bond to Lower Costs of Renewable Energy Procurement
California’s community choice aggregator Clean Power Alliance has arranged for the issuance of a municipal non-recourse Clean Energy Project Revenue Bond through the California Community Choice Financing Authority.
Rep. Mike Thompson Receives APPA’s Public Service Award
Rep. Mike Thompson (D-CA) on March 1 received the American Public Power Association’s Public Service Award at APPA’s Legislative Rally in Washington, D.C.
Greenville Electric Utility System Recognized for Excellence in Financial Reporting
The Government Finance Officers Association of the United States and Canada has awarded the Certificate of Achievement for Excellence in Financial Reporting to Texas public power utility Greenville Electric Utility System for its annual comprehensive financial report for the fiscal year ended September 30, 2021.
Federal Appeals Court Affirms Sequestration Decision Against Public Power
The U.S. Court of Appeals for the Federal Circuit recently affirmed a July 2021 decision by the U.S. Court of Federal Claims blocking public power utilities from recovering direct payment bond refunds cut by sequestration.
Government Releases Details on Investment Tax Credit for Projects in Low-Income Communities
The U.S. Treasury Department, the U.S. Department of Energy and the Internal Revenue Service on Feb. 13 released details on a program included in the Inflation Reduction Act that offers a boost of up to 20 percentage points to the investment tax credit for solar and wind energy projects in low-income communities.
Silicon Valley Clean Energy Project Bond Deal to Result in $4.5 Million Savings Annually
California community choice aggregator Silicon Valley Clean Energy closed its second prepayment transaction to finance its clean energy supplies, resulting in significant savings to the agency, it said on Feb. 7.
Groups Urge Congress to Take Action to Prevent Elimination of $14 Billion in Subsidy Payments
The American Public Power Association (APPA) and other trade groups are urging congressional leaders to waive the statutory Pay-as-You-Go-Act of 2010 (PAYGO) before the close of the 117th Congress.
Fitch Revises Rating Outlook for Heartland Energy to Positive
Fitch Ratings has affirmed ratings of Heartland Energy at ‘A-‘ and revised the rating outlook to Positive from Stable.