Archives

Citi and Renew Financial today announced that they recently closed the first ever asset-backed security (ABS) transaction comprised of unsecured consumer energy efficiency loans. This is good news for Kentucky homeowners who need to make energy efficient improvements to their homes. The landmark transaction – in which Renew Financial and Citi issued $12.58 million in securities – creates a new asset class in the form of ABS backed by pools of residential energy efficiency loans.

U.S. Rep. Ed Whitfield (KY-01), Chairman of the House Subcommittee on Energy and Power, met in his Washington office yesterday with representatives of the Delta Regional Authority.