APPA Weighs in on Energy Tax Provisions of Inflation Reduction Act
In comments filed with the Internal Revenue Service (IRS) and the Treasury Department on Nov. 4 related to the implementation of the Inflation Reduction Act, the American Public Power Association (APPA) weighed in on several key issues tied to the energy tax provisions of the IRA.
In Roundtable with Treasury Secretary Yellen, APPA’s Ditto Asks to Keep IRA Guidance Simple and Certain
Guidance implementing the energy tax provisions of the Inflation Reduction Act (IRA) should be simple and certain, American Public Power Association (APPA) President and CEO Joy Ditto told Treasury Secretary Janet Yellen and White House Senior Advisor John Podesta.
Groups Voice Opposition to Data Reporting Requirements for State, Local Borrowers
The American Public Power Association (APPA) has joined with 17 other members of the Public Finance Network in writing Senate leaders in opposition to data reporting requirements for state and local borrowers included in the Financial Data Transparency Act of 2022.
TVA Prices $500 Million Of New 30-Year Bonds
The Tennessee Valley Authority (TVA) recently priced $500 million of new 30-year maturity global power bonds, with an interest rate of 4.25 percent.
Fitch Affirms Southern Minnesota Municipal Power Agency’s Bond Ratings
Fitch Ratings affirmed its ratings on Southern Minnesota Municipal Power Agency (SMMPA) power supply system revenue bonds. The rating outlook is Stable.
Groups Urge Congress To Prevent The Potential Elimination Of Bond Payments
The American Public Power Association (APPA) and 13 other members of the Public Finance Network recently urged leaders of the House and Senate Budget Committees to prevent the potential elimination of direct payment bond payments starting in 2023.
Fitch Affirms Connecticut Municipal Electric Energy Cooperative, Transmission Entity Ratings
Fitch Ratings has affirmed ratings for Connecticut Municipal Electric Energy Cooperative (CMEEC) and Connecticut Transmission Municipal Electric Energy Cooperative at “AA-.” The rating agency cited, among other things, ample liquidity, very low leverage and a strong operating risk profile.
Fitch Affirms AA- Rating On Bonds Issued To Finance First Phase Of MMWEC-Operated Wind Farm
Fitch Ratings has affirmed the AA- rating on bonds issued by the Berkshire Wind Power Cooperative Corporation (BWPCC) to finance the 15-megawatt Phase 1 portion of the Berkshire Wind Power Project.
Public Power Groups Weigh In On Bond Private Use Rules
The American Public Power Association (APPA) and the Large Public Power Council (LPPC) recently sent a letter to Tom West, Deputy Assistant Secretary for Tax Policy at the U.S. Treasury Department, related to bond private use rules.
NYPA Sells More Than $608 Million In Green Bonds To Support Grid Expansion
The New York Power Authority (NYPA) has sold more than $608 million in green bonds to finance capital expenditures related to its development of electricity transmission in New York State.