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, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial