Clean and Green: Duke Energy Issues Second Green Bond
CHARLOTTE, N.C.- Duke Energy Progress, a subsidiary of Duke Energy (NYSE: DUK), has completed its first issuance of $600 million in green bonds that will finance eligible green energy projects, including the development, construction and procurement of solar generation in the Carolinas. This transaction, which involved two minority-owned banks to place the bonds, marks the second green bond transaction by a Duke Energy utility. Duke Energy Carolinas issued $1 billion of green bonds in Novemb...
State Transportation Funding Legislation Ramping Up in 2019
More information at www.transportationinvestment.org (WASHINGTON) – Legislators in 37 states have introduced 185 bills aimed at boosting transportation investment in the first two months of 2019, a new analysis finds. This number is higher than the amount of legislation the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (ARTBA-TIAC) tracked over the same time period last year and is projected to grow as additional measures are introduced throug...
State Approves Funding For Hale County Airport
PLAINVIEW—The Texas Transportation Commission approved approximately $500,000 for the Hale County Airport during their regular scheduled February meeting. The funds will be used as reimbursement for the acquisition of a hangar. The project is being funded through the city of Plainview, Hale County and the Texas Department of Transportation’s (TxDOT) Aviation Facilities Grant Program, which preserves and improves the state’s general aviation system, including the Hale County Airport. This y...
Boosting New Jersey Water Infrastructure Capital Investments Would Provide 3:1 Economic Return, New Analysis Finds
Report available at www.artba.org (WASHINGTON) – An additional $1 billion annual investment dedicated to improving New Jersey’s drinking water, wastewater and stormwater systems would generate $3 billion in economic benefits and support nearly 14,000 jobs, according to a new analysis conducted by the American Road & Transportation Builders Association (ARTBA). Current spending on the networks that supply clean drinking water, treat wastewater, and drain stormwater is estimated to average a...
U.S. Department of Transportation Announces $605 Million Loan for Houston’s Grand Parkway Project
WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $605 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Grand Parkway Transportation Corporation (GPTC) in Houston. The loan is for the Grand Parkway Project’s H & I Segments. “This government investment of $605 million will help regional and local agencies develop the infrastructure that best me...
Minnesota Governor Proposes Fuel Tax Hike as Part of Transportation Funding Plan
Gov. Tim Walz (D) is proposing to phase in a 20-cent increase in Minnesota’s fuel tax over the next two years and index that tax to inflation as part of his overall state budget proposal unveiled on Feb. 19. [Above photo via the Minnesota Governor’s Office.] “Minnesota’s transportation system is aging and struggling to keep up with the demands of our growing population,” he noted in the fact sheet accompanying the release of his proposed budget. “The Minnesota Department...
Ohio Governor Advocates for 18-Cent Fuel Tax Hike
Gov. Mike DeWine (R) is calling for an 18-cent-per-gallon increase in Ohio’s fuel tax as part of his first transportation budget; an increase expected to raise an estimated $1.2 billion a year for state transportation needs, including $480 million for local government projects, according to news reports. [Above photo via the Ohio Governor’s Office.] The Governor’s office added that the fuel tax hike would take effect July 1 and will be tied to the consumer price index each year starting in...
Connecticut Governor Looks to Tolls, Transportation ‘Debt Diet’ to Balance Budget
Gov. Ned Lamont (D) (seen above) is seeking to reduce transportation spending in the near-term in order to help balance Connecticut’s budget via a “debt diet,” while implementing new tolls on both cars and commercial trucks to rebuild funding levels to support future infrastructure investments. According to fiscal year 2020-2021 budget details issued by the governor’s office on Feb. 20, that “debt diet” would scale back annual bond authorizations from the $1.59 billion averaged between 2012 a...
I-95 Coalition and DelDOT Receive A Third STSFA Grant
Dover (Statewide) - The I-95 Corridor Coalition, with the Delaware Department of Transportation, was awarded a federal grant to continue exploring whether a mileage-based user fee is a long-term sustainable transportation funding option. "After a successful pilot in 2018, we are excited to use this grant to expand the pilot program as we continue to learn and answer questions about how a mileage-based user fee system would work in Delaware and surrounding states," said Delaware Secretary of Tran...
Transportation Funding to Flow Following Bicameral Legislative Agreement
As part of bicameral legislative deal to prevent a second partial federal government shutdown while providing monies to build a wall along parts of the southern U.S. border, a total of $26.5 billion in discretionary funds and $60 billion from Highway and Airport and Airway Trust Funds will be provided to the U.S. Department of Transportation. The Senate voted in favor of the deal 83-16 on Feb. 14, followed by passage in the House of Representatives by a vote of 300-128. Preside...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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