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Keeley Webster

Senior reporter
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  • Bill Johnson, chief executive officer of Pacific Gas and Electric Corp., speaks during a news conference at PG&E headquarters in San Francisco, California, U.S., on Wednesday, Oct. 23, 2019.
    Bankruptcy
    PG&E sees settlement as path to bankruptcy exit

    The agreement with wildfire victims will enable the bankrupt investor-owned utility to hit a deadline to participate in wildfire claim fund, its says.

    By Keeley Webster
    December 9
  • California Route 241, a toll road operated by the Foothill/Eastern Transportation Corridor Agency.
    Primary bond market
    California tollway targets $100 million of savings with taxable refunding

    The Foothill/Eastern Transportation Corridor Agency's $892 million deal is expected to yield $100 million in present value savings.

    By Keeley Webster
    December 5
  • A worker operates machinery to move prefabricated frames in a lot that is designated for affordable housing at the Brooklyn Basin in Oakland, California, U.S., on Tuesday, Nov. 12, 2019.
    Private activity bonds
    Advocates want California's PAB allocation directed to housing

    The state should allocate $4 billion, the majority of its 2020 private activity bond allocation, to affordable housing, said the California Housing Consortium.

    By Keeley Webster
    December 4
  • The Hetch Hetchy Reservoir in Yosemite National Park stores water for the San Francisco Public Utilities Commission.
    Sell side
    San Francisco water supplier earns rating boost ahead of sale

    San Francisco PUC's water revenue bond ratings were boosted to Aa2 ahead of sale.

    By Keeley Webster
    December 3
  • Gabriel Petek was named California's Legislative Analyst in 2019.
    State budgets
    California LAO forecasts $7 billion surplus for fiscal year

    California lawmakers warned by LAO against spending a large anticipated surplus.

    By Keeley Webster
    November 27
  • galperin-ron-la-controller.jpg
    Natural disasters
    How Controller wants LAWDP to improve its wildfire mitigation

    L.A. Controller wants nation's largest utility to increase wildfire prevention inspections and boost use of technology.

    By Keeley Webster
    November 25
  • SoundTransit_LightRail.jpg
    State tax revenues
    Transit agency to continue collecting tax repealed by Washington initiative

    Sound Transit says it can continue to collect taxes approved by its own voters in 2016 until bonds it backs are repaid.

    By Keeley Webster
    November 22
  • BB-092219-DEAL-graphic
    Green bonds
    Tax-exempt Fannie Mae multifamily green paper finds an audience

    The deal, issued through the California Housing Finance Agency, is the first multifamily tax-exempt deal to qualify for the GSE's Green Rewards program.

    By Keeley Webster
    November 21
  • Palomar Health's Palomar Medical Center Escondido, in Escondido, California.
    Ratings
    Outlook boost for California's largest public healthcare district

    Moody's Investors Service raised the outlook to positive from stable on Palomar Health's junk-rated revenue bonds and investment grade general obligation debt.

    By Keeley Webster
    November 20
  • Sandy Kerl was set to be approved as general manager of the San Diego County Water Authority in November 2019.
    Career moves
    Acting manager to become permanent at San Diego County Water Authority

    Sandy Kerl has been acting general manager since Maureen Stapleton retired in March from the top slot.

    By Keeley Webster
    November 18
  • Los Angeles International Airport's automated people mover will transport 10,000 passengers per hour.
    Public-private partnership
    Landscape remains tricky for large P3 projects in U.S.

    P3 players are turning to smaller projects and taking on more partners, industry insiders told a Bond Buyer conference.

    By Keeley Webster
    November 15
  • A homeless encampment is seen on Martin Luther King Jr. Way in Oakland, California, U.S., on Friday, Aug. 30, 2019.
    Primary bond market
    New California state credit will fund homes for mentally ill people

    Next week's $500 million taxable revenue bond deal is backed by a 1% surcharge on annual incomes higher than $1 million.

    By Keeley Webster
    November 14
  • Governor Gavin Newsom used his State of the State address to focus on homelessness in the state.
    State budgets
    A rating agency warning for California about PG&E entanglement

    The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

    By Keeley Webster
    November 12
  • Steve Sisolak, a Democrat, was elected Nevada governor in 2018.
    Ratings
    A second upgrade buoys Nevada ahead of bond sale

    S&P Global Ratings elevated Nevada's rating to AA-plus, two days after a Moody's upgrade.

    By Keeley Webster
    November 11
  • The Mediterranean Shipping Co. (MSC) Eloane container ship arrives at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, March 13, 2019. The Eloane is the largest container ship to ever call in the U.S. At 1,312 feet long and 193 feet wide, it can carry 19,500 containers.
    Trade agreements
    Container traffic takes a tumble at Port of Los Angeles

    The port saw a 19.1% year-over-year drop in port container traffic in October amid the trade war with China.

    By Keeley Webster
    November 8
  • Wildfire evacuees sit inside an evacuation center in Santa Rosa, California, U.S., on Thursday, Oct. 31, 2019.
    Natural disasters
    One city's stress underscores California's new wildfire calculus

    Santa Rosa escaped flames this year but still bears costs related to the nearby Kincade Fire.

    By Keeley Webster
    November 7
  • Zach Conine was elected Nevada State Treasurer in November 2018.
    Ratings
    Nevada's economic strength leads to rating upgrade

    Moody's Investors Service upgraded $1.2 billion of general obligation bonds to Aa1 from Aa2.

    By Keeley Webster
    November 5
  • Brad Little, R-Idaho, at a White House meeting for governors-elect on Dec. 13, 2018. Little was sworn in as Idaho governor on Jan. 4, 2019.
    Obamacare
    Funding for Medicaid expansion divides Idaho lawmakers

    Lawmakers divided on using county funds to pay for Medicaid costs

    By Keeley Webster
    November 5
  • A PG&E Corp. first responder prepares to leave after inspecting electrical lines in Calistoga, California, U.S., on Thursday, Oct. 24, 2019 amid deliberate blackouts the utility designed to keep power lines from igniting wildfires.
    Natural disasters
    Why California's planned power outages are the best of bad options

    The risk of damage from wildfires is generally more severe than the significant economic and social costs of a shutoff, Moody's says.

    By Keeley Webster
    November 1
  • Equipment at the Claude "Bud" Lewis Carlsbad Desalination Plant in May 2015, seven months before the California facility began operations.
    Sell side
    Upgrade for desalination project as it plans private note placement

    Competitive pricing and speed convinced the owners of the Carlsbad, California, plant to use a taxable bank loan instead of tax-exempt debt.

    By Keeley Webster
    October 31
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