California

The Southern California Public Power Authority is planning to sell next week $53 million of revenue refunding bonds to refinance short-term debt used for its purchase of the Tieton Hydropower Project in Washington for two of its member utilities.

WASHINGTON — California Attorney General Jerry Brown is suing mortgage titans Fannie Mae and Freddie Mac as well as their regulator, the Federal Housing Finance Agency, for effectively killing programs that allow the state’s localities to issue bonds to finance energy-efficient upgrades made by homeowners.

ALAMEDA, Calif. — A water rights dispute has stalled plans by California’s Imperial Irrigation District to sell $250 million of Build America Bond certificates of participation next week to finance new power-generating equipment.

ALAMEDA, Calif. — Fiscal 2011 dawned on California Thursday without a state budget in place.

ALAMEDA, Calif. — California this week selected a group led by Meridiam Infrastructure to be its preferred partner for the state’s first public-private partnership for a courthouse.

ALAMEDA, Calif. — An $11.4 billion water bond measure may be yanked from California’s November ballot.

ALAMEDA, Calif. — The public health care district in Marin County, Calif., regains control of the county’s largest hospital today, in a shift that is likely to presage a bond offering in coming years.

SAN FRANCISCO — If there are any solutions to the nation's persistent shortfalls in financing transportation infrastructure, they're more likely to come from the local level, according to members of an expert panel Friday.

ALAMEDA, Calif. — Officials in the Los Angeles area say momentum is building behind a plan to accelerate construction of multiple transit projects — a plan that would require as-yet-uncreated forms of federal financial support.

ALAMEDA, Calif. — With a new fiscal year looming next Thursday, there is no agreement in sight on a California budget, though the opposing arguments are becoming clearer.

ALAMEDA, Calif. — Legislation enacted to separate California’s veterans’ home loan bond program from the state’s general fund had an immediate ratings payoff.

ALAMEDA, Calif. — The California attorney general’s office appears to have junked a proposal by Democrats to raise $8 billion by securitizing revenue from bottle and can deposits.

ALAMEDA, Calif. — Four unions representing California state employees agreed to contracts that require workers to contribute more to their pensions and provide less generous benefits to future hires, Gov. Arnold Schwarzenegger announced Wednesday afternoon.

ALAMEDA, Calif. — California voters signed off on most of the local bond measures they faced Tuesday, while also approving a major shakeup to the state’s primary election process and rejecting a measure that would have made it harder to establish and expand municipal electric utilities.

ALAMEDA, Calif. — The California Debt and Investment Advisory Commission intends to hold the line on the reporting fees it charges for bond transactions in the state.

ALAMEDA, Calif. — Every firm in California’s bond underwriting pool will be required to file quarterly reports on its municipal credit default swap activities, Treasurer Bill Lockyer announced Friday, while also urging the imposition of federal and international rules to limit “naked trading” of municipal CDS.

ALAMEDA, Calif. — Voters in California’s statewide primary election on Tuesday will consider more than $1.8 billion of local general obligation bond measures — a relatively small amount by recent standards — with most of the political heat being generated by the race for governor.

ALAMEDA, Calif. — A California Senate committee has approved a watered-down version of a bill designed to make it harder for cities or other local agencies to file for Chapter 9 municipal bankruptcy.

LOS ANGELES — The first public-private partnership project under a program championed by California Gov. Arnold Schwarzenegger recently cleared a major procedural hurdle, though questions remain over whether the Presidio Parkway project is the right way to use P3s.

ALAMEDA, Calif. — The ranks of California issuers filing civil suits in connection with an alleged bid-rigging conspiracy for guaranteed investment contracts continues to grow.