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Forums » Cox Raises Rates in Lafayette » BB prices down; but gas; electric; water prices up
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« Gotta get money for bribes somewhere...  
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ricep5
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Jacksonville, FL
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reply to ricep5
Re: BB prices down; but gas; electric; water prices up

Well sorry, I beg to differ;

- The bonds can be refinanced
- The bonds can be insured
- The bonds could be sold en masse to a private party
- The assets could be sold to payoff bondholders

The bondholders assume the risk, not LUS.

While not exactly the same (commercial vs. Municipal) ask @Home bondholders who held the bag when they collapsed.
to forum · permalink · · 2006-07-13 22:35:52 · Reply to this


TKJunkMail
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reply to ricep5
said by ricep5 See Profile :

I am not sure why you keep asking these same questions over and over when it has been explained ad nauseum that the utility bills are not impacted by the LUS Broadband initiative.
Your statement is wrong. The bonds would be an obligation of the utility if the broadband revenues were insufficient to pay the interest.
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to forum · permalink · · 2006-07-13 17:48:33 · Reply to this

ricep5
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join:2000-08-07
Jacksonville, FL
·AT&T Southeast
·AT&T CallVantage
·VoicePulse
·Comcast Formerly ..

reply to TKJunkMail
I am not sure why you keep asking these same questions over and over when it has been explained ad nauseum that the utility bills are not impacted by the LUS Broadband initiative.

Go hang in the Motor Fuels Tax Forum and moan about how it subsidizes Mass Transit.
to forum · permalink · · 2006-07-13 15:25:07 · Reply to this
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« Gotta get money for bribes somewhere...  

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