California

Hercules closed on its tender offer Thursday avoiding potential bond defaults and sealing the deal on the sale of its utility to invester-owned Pacific Gas & Electric.

San Mateo County is planning to sell $210 million of lease revenue bonds to finance construction for a new correctional facility in Redwood City, Calif.

A comprehensive bill introduced by California Sen. Darrell Steinberg seeks to resolve some of the thornier issues involved in winding down redevelopment agencies including what to do about $1.5 billion of bonds issued in 2011 that are stuck in limbo.

Chicago-based William Blair & Co. is bolstering its sales and trading group in Chicago and California and making a push into the Los Angeles market with a new office staffed with veterans from De La Rosa & Co. led by Christopher Tota.

California revenues exceeded expectations during the month of March, according to a recent report from State Controller John Chiang.

Southern California Edison has snapped up Ron Nichols, who resigned in January from a position as general manager of the Los Angeles Department of Water and Power.

Desert Hot Springs, Calif., is embroiled in a lawsuit with its police union stemming from a decision to slash police salaries to avert a fiscal crisis and possible return to bankruptcy.

The PFM Group announced Tuesday that it is developing its K-12 education practice in California with three new hires in its San Francisco office.

Alameda, Calif.'s victory in lawsuits brought by municipal bond investors over a cable TV and internet system it sold could set precedent in municipal bond cases.

Former U.S. President Bill Clinton co-hosted a meeting in Los Angeles aimed at finding new ways to develop public-private partnerships to fund climate-friendly infrastructure projects.

Moody's Investors Service upgraded the California Housing Finance Agency's revenue bonds to two notches A1 from A3 ahead of its $38 million bond sale.

California's state controller John Chiang announced a website that will track the funds collected under Proposition 30, the measure that increased the state's income tax and sales tax.

The average fee that state and local governments in California pay bankers to underwrite their municipal bonds hit a record low last year at $3.98 per $1,000 of bonds sold.

Two separate forecasters said Wednesday that while California's drought is significant for agriculture, the impact looks to be marginal for the state's larger economy.

Two separate sales tax measures that pit street repairs against mass transit projects are being floated in Los Angeles County.

Stradling Yocca Carlson & Rauth completed distinct more municipal bond transactions in California than any other law firm in 2013 according to Thomson Reuters.

The credit quality of California's water and public power utilities is expected to remain strong over the next year, but could be pressured in the future, according to Fitch Ratings.

More Californians said they would support an $11 billion water bond this year, compared to last year, according to a recent survey.

California cities that collect a property tax for pensions say a snafu in the state's process of winding down redevelopment agencies is hurting the cities' ability to service pension obligation bonds and threatens deficits and layoffs.

Standard & Poor's has upgraded the rating on San Jose-Evergreen Community College District's general obligation bonds based on its improved financial performance.