TITLE

Funds Exploit Cheap Utility Debt While Industry Is in Transition

AUTHOR(S)
Albano, Christine
PUB. DATE
August 2000
SOURCE
Bond Buyer;08/18/2000, Vol. 333 Issue 30957, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that high-yield fund managers in the United States are seizing the opportunity to buy their debt at relatively cheap levels during the electric industry's transition to a deregulated market. Risks of deregulation; Secondary trading of pollution control revenue bonds.
ACCESSION #
3489961

 

Related Articles

  • N.C. IOUs suggest deal on deregulation. McEntee, Christopher; Reisman, Michael // Bond Buyer;11/01/99, Vol. 330 Issue 30759, p1A 

    Reports on the prospect of electric deregulation in North Carolina. Payment of the bonds sold by North Carolina's municipal power agencies.

  • Bond Calls & Redemptions.  // Bond Buyer;10/08/98, Vol. 326 Issue 30495, p30 

    Reports that the state of New Jersey is considering legislation to deregulate its electricity market and allow individual companies to issue bonds to securitize stranded costs. Total amount in stranded cost to be securitized by companies through their bond offerings; Provisions imposed under...

  • Looking for a Recharge. Finestone, Deborah // Bond Buyer;01/09/2001, Vol. 335 Issue 31053, p1 

    Reports on California Treasurer Philip Angelides' proposal to ease electric deregulation in the state. Amount of electricity needed by the state; Establishment of the California Consumer Power and Conservation Authority; Ability of the authority to issue up to ten billion dollars of bonds.

  • Calif., Mass. votes boost deregulation. Figler, Andrea; Kaplan, David // Bond Buyer;11/05/98, Vol. 326 Issue 30515, p8 

    Reports on the refusal of voters in California and Massachusetts to backtrack on electricity deregulation during the November 3, 1998 elections. Bond-related issues voted on in both states; Implications of the election outcomes for municipal utilities.

  • Municipal power seeks amended IRS output regulations. Kinnander, Ola // Bond Buyer;04/23/98, Vol. 324 Issue 30378, p6 

    Reports on the campaign of electric industry associations and utilities for the US Internal Revenue Service (IRS) to reconsider its tax rules to enhance the competitiveness of the industry after deregulation. Plan to offer assistance for outstanding debts for transmission and generation...

  • Municipal Electric Authority of Georgia. Albano, Christine // Bond Buyer;06/17/98, Vol. 324 Issue 30416, p8 

    Reports that the Municipal Electric Authority of Georgia has declared that electric deregulation will not affect the agency until the year 2002. Electricity costs; Focus on maintaining its competitive prices and reducing its $3.7 billion debt; Release of two tax-exempt refundings; Variable-rate...

  • Where Will the Bonds Go? Finestone, Deborah; Williams, Rochelle // Bond Buyer;05/18/2001, Vol. 336 Issue 31142, p1 

    Reports on the debate over California's plan to issue billions of dollars worth of power revenue bonds by August 2001. Possible impact on the sale of other state-level debt; Market's struggle to absorb so much paper from a single issuer plagued by mounting economic uncertainty; Lowering of...

  • California JPA plans taxable deal to acquire private power system. Figler, Andrea // Bond Buyer;10/20/99, Vol. 330 Issue 30751, p4 

    Reports on California joint-powers authority's plan for a taxable deal to acquire an electric distribution system. Plan to sell revenue bonds to municipalize the northern California power system owned by PacifiCorp; Opposition to large debt issuance.

  • Fayetteville, N.C., Issuing $8.7M for Public Works Commission. DeSue, Tedra // Bond Buyer;9/16/2003, Vol. 345 Issue 31720, p7 

    Focuses on the amount of the general obligation bonds issued by the city officials of Fayetteville to the office of the state's Public Works Commission in North Carolina. Increase of water supply; Way of competing in a deregulated power market; Expansion of public funds.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics