Illinois passes law allowing retail wheeling
- $6 billion of asset-backed utility debt expected. Sherman, Lynn // Bond Buyer;08/12/97, Vol. 321 Issue 30207, p2
Reports on the plans of California's three largest electric utilities to issue $6 billion worth of taxable asset-backed securities. Pacific Gas & Electric; Southern California Edison; San Diego Gas and Electric.
- Utilities expected to turn to asset-securitization market. Elstein, Aaron // American Banker;11/21/96, Vol. 161 Issue 224, p22
Reports that electric utilities in the United States has begun to look to public asset-backed securitization market as a steady source of cash. Industry deregulation as a driver in this financing trend; Investor interest in helping structure such offerings.
- Securitization. Smith Jr., S. Kinnie // Electric Perspectives;Jan/Feb98, Vol. 23 Issue 1, p50
Discusses the debate on securitization in the electric utilities industry. Benefits of securitization for utility customers and investors; Confusion between stranded cost recovery and securitization; Focus of securitization's critics on the use of proceeds from the sale of transition bonds. ...
- Why is Wall Street waiting? Fichera, Joseph Sebastia // Electrical World;Nov97, Vol. 211 Issue 11, p55
Opinion. Focuses on how Wall Street can help in relation to the issue of stranded-cost securitization in the utilities industry. Indication that utilities should issue securities backed by the cash flow from stranded assets; Statements from United States Representative Tom Delay.
- How utilities can benefit from stranded assets. Colucci, Dean M.; Arteaga, Mabel // Electrical World;03/01/97, Vol. 211 Issue 3, p43
Discusses asset-backed securities, or stranded costs (stracos), which are securities issued by state governments that allow electric utility companies to recover costs from taxpayers over time. Bundling of asset-linked debt; Effect of structure and collateralization on success of security...
- Market sated with stranded-cost deals. Donovan, Kevin // Asset Securitization Report;05/14/2001, Vol. 1 Issue 19, p1
Reports the decrease in stranded cost issuance for the electric sector in California. Completion of the Western Massachusetts Electric securitization; Contribution of rate reduction bond holders; Concern of PSE&G in the deregulation of the energy industry.
- ABS mart hails defeat of stranded asset referendums. Reinebach, Adam // Investment Dealers' Digest;11/09/98, Vol. 64 Issue 45, p10
Reports on the effect of the defeat of a pair of referendums on utility deregulation in California and Massachusetts on the asset-backed securities market. Spreads on California bonds backed by stranded assets following the results of the referendum; Impact of the Proposition 9 threat to...
- Massachusetts stranded-cost deal to jump-start competition. Harris, Elizabeth // Bond Buyer;07/19/99, Vol. 329 Issue 30685, p1
Reports on the impact of issuance of joint taxable securities issue securitization on the electric utility market in Massachusetts. Utilities issuing the securitization in behalf of Boston Edison Co.; Provision of the 1997 electricity deregulation laws; Boston Edison's sale of Pilgrim Power...
- Supreme Court ruling clears path for stranded assets. O'Leary, Christopher // Investment Dealers' Digest;03/15/99, Vol. 65 Issue 11, p9
Reports on a United States Supreme Court decision to approve a Pennsylvania law enabling the securitization of stranded costs for electric utilities in the state. Impact of the decision in increasing the number of such deals; Increasing popularity of stranded asset securitization.