AEP Texas To Issue Energy Bonds

05 Mar 2012

Texas Central Company, a subsidiary of power utility American Electric Power Company, is preparing to issue an $800 million securitization of rate-recovery bonds, enabling the utility to recover costs linked to its deregulation from the State of Texas.

Texas Central Company, a subsidiary of power utility American Electric Power Company, is preparing to issue an $800 million securitization of rate-recovery bonds, enabling the utility to recover costs linked to its deregulation from the State of Texas. Morgan Stanley, Barclays Capital and Citigroup are marketing the transaction, ...

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