Far West

The Los Angeles Department of Water and Power expects to save $1.9 million when it refundings $271 million in power system revenue bonds on Sept. 15-16.

Standard & Poor’s revised Los Olivos Elementary School District, Calif.’s outlook to stable from negative.

The Internal Revenue Service is auditing $91 million of Build America Bonds issued by the Minnesota Public Facilities Authority in fall 2010.

The University of Hawaii Board of Regents plans a $189 million revenue bond sale Wednesday and Thursday.

The Oregon Facilities Authority is preparing to sell a cross-border deal when it issues $71.1 million of bonds for Providence Health & Services in Washington.

California’s successful water conservation efforts are a credit positive for the state’s water utilities, says Moody’s Investors Service.

The Internal Revenue Service is working on more specialized template voluntary closing agreements, an official with the IRS' tax-exempt bond office said.

The U.S. Justice Department’s antitrust division is conducting a general inquiry into whether certain brokers’ brokers have engaged in anti-competitive practices with regard to pricing for secondary market and other municipal bond trades, according to industry officials.

California’s exceptionally strong legal protections mean sustained pension hikes for the next several years, according to Moody’s Investors Service.

The twin ports of Los Angeles and Long Beach are bracing for potential impacts from a slowing Chinese economy.