California

Damage claims from the Eaton wildfire could wipe out the $21 billion fund created to protect utilities and their customers when an investor-owned utility's equipment is deemed responsible.

The airport, also selling $412.8 million of new money, will join a bevy of issuers who have deployed a tender offer in the hope of realizing refunding savings.

An academic paper presented at the Brookings Institute's annual conference found that future wildfire risks are already having economically significant impacts on financial markets, municipal borrowing costs and vulnerable communities.

Schools and governments turn to bonds to cover payouts in the wake of a California law that temporarily lifted the statute of limitations on sex abuse claims.

"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.

Record contributions from public employers made up for below-expectation investment returns, according to a report published by the the Equable Institute.

The hires "will help us further deepen our relationships," said the firm's head of public finance.

Executive Director Gene Seroka said the port's downstream prospects are unclear as it deals with the "tariff whipsaw effect" from the Trump administration.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

California local, state and federal officials blasted the Trump administration and congressional GOP for blocking supplemental recovery aid after the wildfires.

The addition of Turner-Bond as a partner will deepen Orrick's public finance practice's P3 expertise.

Sacramento Municipal Utility District officials credit the Kestrel green verification for attracting a new buyer to its commercial paper.

Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.

Even before January's fires in Los Angeles, change-of-address data shows residential moves based on fire risks and insurance availability.

The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.

The tribal movement toward energy independence through renewable-powered microgrid projects has been slowed, if not stalled, by shifting political winds.

The upshot of the report by Payden & Rygel's Travis McGahey is that the risk of severe credit deterioration and bond defaults remains low.

The bullet train's delays and cost overruns amount to a material project change and event of default under the federal-state agreement, the FRA said.

The twin Transportation Corridor Agencies issuers in Orange County, California, received Fitch Ratings upgrades for fiscal prudence and bond buydowns.

Chinese students comprise nearly half of international students attending University of California schools.