Finance and Financial Management Commons^™

The Impact Of Private Public Utility Tax-Exempt Bond Issuance, Jacob Day

Honors College

This work presents the current status of Maine’s investor-owned electric utilities. In utilizing current financial data, interviewing with individuals from Bangor Hydro Electric, and through research conducted, it was concluded that it should be in society’s economic best interest to allow privately-owned electric utilities to issue tax-exempt securities in specific scenarios.

In the long-term, this assessment may be useful in the determination of the most efficient methods for public utility capital taxation. Infrastructure development is critical to the success and sustainability of a developed nation. Through sensitivity and scenario analysis conducted in MS Excel, I concluded that the issuance of …