California

Refundings of recession-era stimulus bonds are driving California's robust sales volume.

The Golden State keeps its issuance streak alive as it get set to sell $2.1 billion of general obligation bonds later this week. This deal is primarily a refunding — a result of bonds sold in 2009 under the Stimulus Act hitting their 10-year call date.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

Climate analytics business risQ is partnering with Municipal Markets Analytics to get a better handle on the risk climate change creates for municipal debt.

Moody's Investors Service downgraded one public electric utility and assigned negative outlooks to three after reviewing potential wildfire liability exposure.

Ila Afsharipour will be based in San Francisco.

FEMA denied California reimbursement for a portion of Oroville Dam repairs, saying the state failed to maintain it.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

The company that bought Vernon's power plant is suing the city in a case over whose fault it is that the plant operated below full capacity.

This week's deal will prime the pump for another $2.5 billion in loans Freddie Mac plans to securitize in the next two to three years.