Tue, 13 Mar 2012 15:30:05 CDT
City of San Antonio officials plan to sell $521 million in electric and gas systems revenue bonds on behalf of CPS Energy, according to Fitch Ratings. The municipally owned utility will use the proceeds from the sale of bonds to proceed with the purchase of the 800-megawatt Rio Nogales combined-cycle natural gas plant in Seguin. As reported on Monday, CPS Energy is buying the power plant from its current owner, Tenaska Capital Management, LLC. The San Antonio utility is buying the Rio Nogales plant in order to replace the energy output from the 871-megawatt J...
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