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Utilities

News

RBC Brings On Trio Of Veteran Bankers

RBC Capital Markets said on Thursday it expanded its investment banking business group with the hire of Kevin Smith, Frank Napolitano and Ron Eliasek. Napolitano will head the formation of a new power and utilities group, while Smith will head the US industrials group and Eliasek will be co-head of its U.S. technology investment banking.

Infrastructure REITs: The Next Big Thing?

Real estate investment trusts could be the next frontier for infrastructure financing, according to a report released yesterday by Deloitte LLP. But legislation is needed to clarify questions of eligibility if public-sector entities want to secure REIT investments.

Siebert Cracks Top 10 Muni Underwriters

The largest underwriters continued to dominate the municipal market in the first quarter of 2010, but one minority-owned, municipal-only firm managed to break into the top 10.

PNG Ventures Emerges from Chapter 11

Liquefied natural gas producer and distributor PNG Ventures Inc. and its subsidiaries exited bankruptcy last week. The Dallas-based company also changed its name to Applied Natural Gas Fuels Inc.

Utendahl Signs Up With Deutsche

Eighteen years after founding and running a specialty fixed-income banking boutique, John Utendahl has joined Deutsche Bank as a vice chairman.

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Articles

California DWR Pumping in $2B of Tax-Exempts

The tight supply situation in the primary tax-exempt bond market will get a $2 billion boost from one issuer next week when the California Department of Water Resources prices power supply revenue bonds.

Yields Down All Around as Munis Perk Up

All of The Bond Buyer’s weekly yield indexes on long-term debt declined this week, as municipals firmed up in nearly every session.

Factions Weigh In on Nuclear Loan Guarantees

Critics of a new nuclear loan guarantee program warned a House Oversight Committee panel this week that it would subsidize too-risky investments, while backers claimed the program is critical to nuclear development.

L.A. Mayor Ends Face-Off With Council Over Rate Hike

Los Angeles Mayor Antonio Villaraigosa ended a standoff with the City Council over electricity rate hikes, bringing to a close a political battle of wills that had hurt the city’s ratings and delayed a $720 million power revenue bond deal.

Report Cites Dire Need for Infrastructure Funds

Infrastructure in the U.S., especially for water systems and surface transportation, is desperately in need of investment, the Urban Land Institute and Ernst & Young declared this week. Their report criticized governments from the local to federal levels for their sluggish movement toward transportation and infrastructure financing reform.

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