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Market Intelligence:
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Legal
Research
Market Data

Keeley Webster

Senior reporter
Connect with Keeley
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  • California Gov. Gavin Newsom speaks at the signing ceremony for Assembly Bill 48, to place a $15 billion bond measure on the March 2020 ballot, on Oct. 7, 2019 at a school in Sacramento. Co-Sponsor Assemblyman Patrick O'Donnell, D-Sacramento looks in (in tie.)
    School bonds
    Californians will weigh a $15 billion education bond measure in March

    The general obligation bond measure would allocate $9 billion to K-12 schools and $6 billion to the state's universities and community colleges.

    By Keeley Webster
    October 10
  • fiona-ma-california-treasurer-candidate
    Sell side
    California treasurer reports benefits from tightening spreads

    The strength of the state’s credit profile, coupled with a supply-demand imbalance for tax-exempt bonds, has helped the state in the market, a new report says.

    By Keeley Webster
    October 4
  • California Gov. Gavin Newsom talks emergency preparedness on his first day in office, Jan. 8, 2019
    Natural disasters
    California governor signs 22 wildfire-related bills

    Bankrupt investor-owned utility PG&E was a factor in many of the bills approved to deal with the state's wildfire risk.

    By Keeley Webster
    October 3
  • ige-david-governor-hawaii
    Public-private partnership
    Hawaii advances bond-financed college football stadium

    Hawaii moves ahead on plans to construct a new college football stadium amid concerns about declining attendance at college games.

    By Keeley Webster
    October 1
  • U.S. Department of Transportation Secretary Elaine Chao
    Infrastructure
    U.S. airports awarded $986 million in federal grants

    It marked the fifth dispersal from a Federal Aviation Administration program that will provide $3.18 billion for airport improvements.

    By Keeley Webster
    September 27
  • A rendering of the proposed Sacramento Republic soccer stadium.
    California
    Public finance split among cities building pro soccer stadiums

    The soccer league's drive for expansion pushed cities and owners to develop new stadiums to sweeten their bids.

    By Keeley Webster
    September 26
  • California Treasurer Fiona Ma during an interview in San Francisco, California, U.S., on Tuesday, Dec. 18, 2018. She will be sworn in as state treasurer on Jan. 7, 2019.
    Green bonds
    California treasurer puts a call out for creative finance ideas

    Fiona Ma was a keynote speaker at the Bond Buyer's California Public Finance Conference in San Francisco.

    By Keeley Webster
    September 24
  • valencia-angelica-nixon peabody
    Profile
    Angelica Valencia

    Partner, Nixon Peabody

    By Keeley Webster
    September 23
  • bauer-marc-orrick
    Profile
    Marc Bauer

    Partner, Orrick, Herrington & Sutcliffe

    By Keeley Webster
    September 23
  • Rendering of SEED LA, a public boarding charter school, managed by The SEED Foundation and slated to open in Los Angeles for the 2020-2021 school year.
    Transportation industry
    Los Angeles transit agency, SEED Foundation to build charter school

    The charter boarding school is designed to lift homeless youth and foster children in largely Latino and African-American neighborhoods in South Los Angeles.

    By Keeley Webster
    September 19
  • Rendering of the Xpresswest train that would run from the California desert to Las Vegas. The company was acquired by Brightline in 2018.
    Transportation industry
    Las Vegas train lands $300 million California PAB authorization

    The private activity bonds would be used to help finance the planned Virgin Trains USA line to Victorville, Calif., from Las Vegas.

    By Keeley Webster
    September 18
  • San Diego Mayor Kevin Faulconer
    Utilities
    San Diego votes for community choice aggregation for electric power

    The city approved a joint powers agreement with four other cities to purchase electricity to be delivered over San Diego Gas & Electric lines.

    By Keeley Webster
    September 18
  • Napolitano-Janet-UC President-Bloomberg
    Higher education bonds
    University of California president will depart

    Janet Napolitano said her resignation would be effective in August 2020.

    By Keeley Webster
    September 18
  • Photo of Marc Joffe
    Municipal disclosure
    Bill to set up XBRL study clears California Legislature

    Lawmakers sent Gov. Gavin Newsom a bill that would set up a commission to study if the state should require the machine-readable accounting program.

    By Keeley Webster
    September 13
  • Signage is displayed on the exterior of Pacific Gas and Electric Corp. (PG&E) headquarters in San Francisco, California, U.S., on Monday, Jan. 14, 2019.
    Bankruptcy
    PG&E exit plan means negotiations begin in earnest

    Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

    By Keeley Webster
    September 12
  • charter-school-chart-091019
    School bonds
    Charter schools benefit as access to cheaper financing increases

    Expanded access to lower-cost borrowing is a credit positive for the charter school sector, according to Moody’s investors Service.

    By Keeley Webster
    September 11
  • thursby-katherine
    Career moves
    Fox Rothschild names Thursby as partner to strengthen public finance practice

    Thursby's addition grows the firm's number of public finance attorneys to 16.

    By Keeley Webster
    September 6
  • Fitch-sign-wide
    Downgrades
    Alaska's bond rating falls to AA-minus

    A multiple-year recession and state leaders' failure to adequately address it led to the Fitch Ratings downgrade.

    By Keeley Webster
    September 6
  • trans-alaska-pipeline-bl-2017
    M&A
    BP's exit marks turning point for oil-dependent Alaska

    The multinational is selling its Alaska assets to Hilcorp Energy.

    By Keeley Webster
    September 5
  • An LADWP employee gives a tour of the Scattergood Power Generating Station during an investor tour in 2016.
    Bond ratings
    FBI probe casts cloud on L.A. Water and Power's credit

    The FBI probe and churn in upper management may make future rate increases a tough sell, S&P analysts said.

    By Keeley Webster
    September 4
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