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Public Service Commission approves multiple utility debt issuances, lowers one-step credit threshold
Summary
At its June 26, 2025, open meeting the Public Service Commission approved several utility requests to issue billions in debt and adopted related conditions that increase maximum maturities to 50 years and reduce the minimum NAIC rating for the Commission's one-step issuance procedure from NAIC 1 to NAIC 2.
MADISON, Wis. — The Public Service Commission on June 26 approved a series of requests from Wisconsin utilities to issue and sell debt securities, and approved related changes to the Commission's procedural criteria for one-step debt issuance.
The Commission approved requests authorizing: up to $3,500,000,000 aggregate principal amount of debt securities (agenda item 14); up to $800,000,000 (agenda item 15); up to $700,000,000 (agenda item 16); up to $1,500,000,000 (agenda item 17); and up to $450,000,000 (agenda item 18). The approvals were made with the conditions outlined in…
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