SAN FRANCISCO - Alameda, Calif.'s venture into operating a cable television operation bond financed with tax-exempt debt comes to an end this week - except for ongoing litigation with bondholders angry at taking a substantial haircut, and permanent financial impacts to the city-owned electric utility.

The cable TV venture is a decade old. Initially, leaders of the San Francisco bayside city of 75,000 thought of it as a way to take advantage of the utility's plans for laying fiber-optic lines throughout the city by creating a revenue-generating operation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.