Utility's sale could harm tax status

Preston, Darrell
March 1999
Bond Buyer;03/10/99, Vol. 327 Issue 30595, p1
Trade Publication
Reports on Denton, Texas' plan to sell its electric power generation capacity, including its stake in the Texas Municipal Power Agency (TMPA). Possibility that the TMPA's debt will lose its tax-exempt if Denton sells its investment in TMPA to a for-profit company; Denton's search for ways to maintain the bonds' tax-exempt status; Prospects for the regulation of electric utilities in Texas.


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