Far West

The Los Angeles Department of Water and Power is anticipating strong demand and tight spreads when it prices $322 million in power revenue bonds on May 28-29.

The California drought will have negative impacts on agriculturally-dependent areas, but will not impact the credit quality of the state and local governments, according to Moody's Investors Service.

Federal, state and local elected officials joined LA Metro in announcing the receipt of a $1.25 billion full funding grant agreement from the Federal Transit Administration for its Purple Line subway extension.

Securities Industry and Financial Markets Association president and chief executive officer Kenneth Bentsen criticized recent efforts by the Securities and Exchange Commission to further regulate the muni market, telling issuer officials on Tuesday that a new rule and initiative could undermine productive relationships between municipalities and underwriters.

Airport infrastructure public-private partnerships are often stymied by a web of competing local interests, aviation advocates told a House P3 panel.

Moody's Investors Service Tuesday downgraded $975 million in outstanding Clark County, Nevada Airport Enterprise senior lien bonds to Aa3. The bonds are for Las Vegas' McCarran International Airport.

The California Public Employees' Retirement System requested another extension to file court documents in its appeal of San Bernardino's eligibility to be in bankruptcy citing progress made in the confidential mediation.

Despite the warm spring weather, industry concerns over the SEC's Municipal Continuing Disclosure Cooperative Initiative have begun to snowball.

Underwriter Citi terminated a $265 million bond deal after an Anaheim, Calif. activist organization filed a lawsuit May 12 seeking to invalidate the bonds, which were to finance a convention center expansion.

Gov. Jerry Brown’s proposal to solve the California State Teachers' Retirement System underfunding could have long-term positive effects, but could pressure school districts in the near-term.