NYSE: CNP) today announced its purchase on January 5, 2010, of three series of pollution control bonds
that had been issued on its behalf by the Brazos River Authority in 1998.
The pollution control bonds
drew 59 percent, while the school and library bonds had 54 percent support.
Connecticut Development Authority (CT) (CL&P Projects) --Senior unsecured industrial revenue & pollution control bonds
to 'A-' from 'BBB+'; --Senior secured industrial revenue & pollution control bonds
to 'A' from 'A-'.
Four reimbursement agreements under which the lender has agreed to issue approximately $620 million in new letters of credit to support approximately $614 million in pollution control bonds
that will be reinstated on the effective date of the plan of reorganization.
The project is supported by the sale of pollution control bonds
authorized by the California Pollution Control Finance Authority, and will create approximately 15 full-time construction jobs for pipefitters, electrical workers and construction labor.
today announced that a new, long-term interest rate of 4 percent is expected to be established for two outstanding series of pollution control bonds
issued on behalf of the company by two governmental authorities.
Senior unsecured debt and pollution control bonds
to 'A-' from 'BBB+';
6 billion in senior secured credit facilities and the sale of approximately $200 million of pollution control bonds
that SCE repurchased in late 2000.
Proceeds will be used to refund PowerSouth's IDB of the Town of Chatom Pollution Control Bonds
, series 2007C.
unsecured pollution control bonds
and preferred stock;
Senior unsecured and second-mortgage pollution control bonds
Because of their tax-exempt status, pollution control bonds
are the least costly source of long-term financing available to PNM," Horn said.