Bond Market Dashboard - September 14, 2012

September 17, 2012 09:39 by David Patterson in Financing  //  Tags: ,   //   Comments (0)
The following is the Bond Market Dashboard for September 14, 2012.  

Tennessee Valley Authority (TVA) Issued 10 Year Global Power Bonds at 1.875%

September 14, 2012 10:08 by David Patterson in Financing  //  Tags:   //   Comments (0)
According to TVA's Form 8-K, TVA entered into an agreement to issue $1.0 billion of its 1.875% Global Power Bonds 2012 Series A Due August 15, 2022.  To view the full Form 8-K, click here.

Union Electric Issued $450 million First Mortgage Bonds

September 12, 2012 11:34 by Bill Conway in Financing  //  Tags:   //   Comments (0)
According to Ameren Corporation's Form 8-K, Union Electric, doing business as Ameren Missouri, a subsidiary of Ameren Corporation, issued and sold $485,000,000 principal amount of its 3.90% Senior Secured Notes due 2042, pursuant to a Registration Statement on Form S-3 (File No. 333-1... [More]

Utility Market - September 7, 2012 Dashboard

September 7, 2012 16:04 by David Patterson in Economy, Financing, M&A  //  Tags: ,   //   Comments (0)
The following is the Utility Market Dashboard for September 7, 2012.

Economy - August 31, 2012 Dashboard

September 4, 2012 10:18 by David Patterson in Economy  //  Tags: , , , ,   //   Comments (0)
The following is the Economic Dashboard for August 31, 2012.  

Commodities - Energy, Agriculture & Construction

The following charts are CCCA's dashboard for Energy, Agriculture, and Construction commodities.              

NRG Energy, Inc. Signed a $1.7 Billion Definitive Agreement to Acquire GenOn Energy, Inc.

August 27, 2012 16:09 by David Patterson in M&A  //  Tags: ,   //   Comments (0)
NRG Energy, Inc. ("NRG") signed a definitive agreement to acquire GenOn Energy, Inc. ("GenOn") on July 22, 2012.  According to the transaction, GenOn shareholders will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock.  This represents... [More]

Discounting of Capital Credits of Deceased Members Upheld in North Carolina

August 24, 2012 16:50 by David Patterson in Cooperatives  //  Tags:   //   Comments (0)
The North Carolina Business Court held that electric cooperates may discount capital credits of deceased members when there is a request for early capital credit retirement. For additional information read the Sutherland Legal Alert, or the full court order is here.

Interest Rates

August 24, 2012 14:24 by David Patterson in   //  Tags:   //   Comments (0)
Interest rates over the last month have been impacted by the ongoing European financial crisis and speculation on the Fed's next moves. There appears to be a growing anticipation of the Fed announcing Quantitative Easing 3 ("QE3") this fall or early winter.  There is still d... [More]

Electric Cooperative Opens Solar Farm

August 21, 2012 10:12 by Bill Conway in Cooperatives, Energy  //  Tags:   //   Comments (0)
Duck River Membership Cooperative opens a solar farm facility, allowing its members to purchase ownership units in return for an energy credit on their monthly bill.  The development of this facility is unique considering it allows the Duck River members to participate in the development of sol... [More]

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