LURC Provides Innovative Approach to Restoration Bonds

July 21, 2008

In a market where securitization deals are few and far between and where creative structures have taken a back seat to plain vanilla transactions, the Louisiana Utilities Restoration Corp. (LURC) is proving that innovation can still create value. Under the Louisiana Restoration Corp. Act in 2007, LURC was established to offer alternative financing for utility restoration costs associated with damages from Hurricanes Katrina and Rita.

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