TITLE

PG&E to Convert $200M From Variable to Fixed-Rate Debt Today

AUTHOR(S)
Finestone, Deborah
PUB. DATE
February 2001
SOURCE
Bond Buyer;02/27/2001, Vol. 335 Issue 31085, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on California-based Pacific Gas & Electric Co.'s plan to convert millions of dollars in revenue bonds from variable- to fixed-rate debt. Goal of minimizing exposure to variable rates; Reason why MBIA Insurance Corp. consented to the mode change; Major rating agencies' decision to downgrade credit ratings on all of the utility's bonds.
ACCESSION #
4155071

 

Related Articles

  • View from the top: Munis remain MBIA's bread and butter. Ulick, Jake // Bond Buyer;05/07/98, Vol. 324 Issue 30388, p34 

    Profiles the success of bond insurer MBIA Insurance Corp. in the credit enhancement industry. Challenge faced by the MBIA; Company's preference for investment-grade deals; Importance of credit rating with the MBIA; Competitors of the MBIA; Bond insurance's totals and market shares.

  • PG&E's storm response gets review.  // Electric Light & Power;Feb96, Vol. 74 Issue 2, p1 

    Reports that the California Public Utilities Commission may fine Pacific Gas & Electric Co. in connection with the power outages experienced by the latter's customers during a storm on December 11, 1995. Order to the utility to pay for damages if an investigation finds that mismanagement caused...

  • PG&E Tells Creditors It Needs 6 Months.  // American Banker;2/2/2001, Vol. 166 Issue 23, p2 

    Reveals that PG&E and its utility subsidiary, Pacific Gas & Electric Co., have told debt holders they may need more than six months to raise new money to repay commercial paper that they defaulted on in January 2001. Length of time it may take to work out a structure that will let the companies...

  • PG&E testifies before CPUC on grid system reliability.  // Coal Age;Oct96, Vol. 101 Issue 10, p28 

    Reports on Pacific Gas and Electric Co. (PG&E) vice president and general manager E. James Macias' statement that the company is concerned and frustrated at the increasing number of incidents on the Pacific Intertie that are disrupting the electric service of PG&E customers. Testimony before...

  • Fidelity Tells Clients to Reduce MBIA-Backed Muni Holdings. Fine, Jacob // Bond Buyer;3/7/2003, Vol. 343 Issue 31588, p1 

    No abstract available.

  • Cape Coral, Fla., Selling $60M for Parks, CP Refinancing. Sigo, Shelly // Bond Buyer;6/6/2006, Vol. 356 Issue 32396, p40 

    The article reports that the city government of Cape Coral in Florida will sell 60-million-dollar worth of special obligation revenue bonds on June 6, 2006. The proceeds of the sale will be used to buy land for parks and recreation areas and to refinance the 20-million-dollar worth of...

  • Trading Edge, MBIA team up for online munis. Burger, Andrew // Securities Industry News;08/16/99, Vol. 11 Issue 32, p11 

    Reports on the joint venture between the Trading Edge company and MBIA Insurance Corp. dealing with municipal bond trading in the United States. Operation of the BondLink online high-yield bond trading service; Credit insurance to BondLink participants for secondary market purchases of...

  • MBIA-Backed Deal in California Well Received. Saskal, Rich // Bond Buyer;4/25/2008, Vol. 364 Issue 32865, p1 

    The article reports on the use of a bond program by two California communities to raise funds for street improvements in a deal that completed later in April 2008 and received a significant boost from MBIA Insurance Corp. The $14.7 million pooled certificate of participation deal, issued by the...

  • Panelists: Centralization Will Likely Precede Shakeout and Consolidation. Sherman, Lynn // Bond Buyer;04/11/2000, Vol. 332 Issue 30868, p7 

    Highlights the views of panelists at the MBIA Insurance Corp. public finance client weekend regarding the possibility that online systems for trading municipals will experience integration first before shakeout and consolidation. Market's demand for centralization; Suggestion that Bloomberg...

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