TransActions – November/December 2014
Municipal Financings of New Power Supply Resources – A Complex Undertaking
Few things touch every person and community in our country like infrastructure systems. Whether it be transportation, water, gas, or electricity infrastructure systems, they are all vitally important both commercially and personally and impact our lives on a daily basis. Unfortunately, quite often we take them for granted and while we all agree that these systems are vitally important, according to the American Society of Civil Engineers, the current state of infrastructure in America is very poor with the majority of infrastructure systems receiving grades below a “C”, even worse, the United States energy infrastructure received a “D+” grade. In this regard, our electric infrastructure systems need a SUPER HERO and public power municipal utilities have the capability to save the day! However, replacing and improving infrastructure takes careful planning and is extremely capital intensive.