CORPUS CHRISTI, TX, Aug 24, 2026 – On August 18, 2026, the Tuloso-Midway Independent School District successfully completed the first bond issuance authorized by voters in the May 2026 bond election, selling approximately $121.2 million of Unlimited Tax School Building Bonds, Series 2026 in a transaction led by Siebert Williams Shank & Co. The bonds represent the first phase of the District's $140 million voter-approved bond program. In the May 2, 2026 election, Proposition A

ENERGY POLICY PERSPECTIVES: VOL. 22 The political and regulatory environment around AI data centers is shifting the AI power trade from broad thematic exposure toward execution. Political and regulatory scrutiny is increasing and, as demonstrated by the recent actions of Pennsylvania Governor Josh Shapiro and Texas Governor Greg Abbott, policymakers are adding more conditions on AI data center development as they seek clearer answers on project credibility, cost responsibilit

The rate of construction cost inflation peaked at high levels in 2022 and 2023, by some measures exceeding 20% on a 12-month trailing basis. After declining to a low point in 2024, it is now on an upward trajectory once again. This poses a dilemma for public sector issuers: should an issuer postpone construction plans and accompanying bonding in anticipation of another lull in construction inflation, or should it fund construction through long-term bonding or a bridge financi

ENERGY POLICY PERSPECTIVES: VOL. 21 Yesterday, PJM’s Board outlined its new framework under the Critical Issue Fast Path (CIFP) accelerated stakeholder process to address resource adequacy and large-load growth issues, which it expects to formally submit to the Federal Regulatory Commission (FERC) by the end of July. We believe the framework can be reduced to four functions: 1) measure large load additions; 2) contract new supply; 3) curtail unsupported load when necessary; a