Southern Company Variable rate pollution control revenue bonds outstanding increased by 21.4% to $1.70B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 21.4%, from $1.40B to $1.70B. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower levels reduce exposure to rising interest rates, while higher levels increase sensitivity to market rate changes.
The total outstanding balance of debt securities issued to fund environmental compliance projects that carry a variable...
Many utilities utilize pollution control bonds; the mix of fixed versus variable rates varies based on corporate interest rate hedging strategies.
other_amount_of_variable_rate_pollution_control_revenue__495527| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $1.40B | $1.60B | $1.50B | $1.50B | $1.50B | $1.40B | $1.70B |
| QoQ Change | — | +14.3% | -6.3% | +0.0% | +0.0% | -6.7% | +21.4% |
| YoY Change | — | — | — | — | +7.1% | -12.5% | +21.4% |