Monthly Archives: March 2016

The San Antonio Water System, not the City Council, will retain sole control over who will develop a massive water pipeline to eventually supply up to 20 percent of the city’s water. The issue came up in a Wednesday meeting of the San Antonio City Council’s governance committee seven weeks after District 8 Councilman Nirenberg filed a formal request for council members to vote on a plan to shift control of the project to a new investor. Nirenberg, Mayor Ivy…

A member of the Sierra Club’s Alamo Group has filed an ethics complaint against Mayor Ivy Taylor, alleging she inappropriately accepted campaign contributions from the owners of Pape-Dawson Engineers, who were involved in contract negotiations for the controversial Vista Ridge water pipeline. Gay Wright, a member of the group’s executive committee, filed the complaint Thursday alleging that Taylor violated the city’s ethics code by accepting contributions from political contributors who stand to gain financially from the Vista Ridge contract. The…

Spanish energy company Abengoa SA (NASDAQ:ABGB) has obtained the support of about 75% of its lenders to reorganize its large debt and ask for additional time from the judiciary for negotiations targeted at preventing bankruptcy as per a document. The organization having a EUR9.4 billion ($10.5 billion) debt amount is in pre-solvency talks and would be Spain’s biggest ever bankruptcy if it doesn’t reach a compromise with lenders as well as bondholders. Abengoa has a deadline of March 28 to…