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PURA approves Southern Connecticut Gas request to issue up to $165 million in debt
Summary
The Public Utilities Regulatory Authority approved an uncontested application allowing Southern Connecticut Gas to issue up to $165 million in notes or bank financings through Dec. 31, 2027, with maturities up to 30 years and a coupon cap tied to benchmark rates.
The Public Utilities Regulatory Authority voted Wednesday to approve Southern Connecticut Gas Company's uncontested application to issue debt in the bank or private placement market, authority staff told commissioners.
Staff presented that the company asked authorization to issue notes and bank financings with maturities ranging from one to 30 years and a principal amount not to exceed $165,000,000, to be sold…
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