SAN FRANCISCO - The California Department of Water Resources plans to try again today to price for institutions $350 million of power supply revenue bonds that found no buyers in November.

The state is hoping that a December rally in the long end means that the municipal bond market has regained enough stability to refund the DWR debt, which initially financed electricity purchases during the rolling blackouts of 2001 and 2002. The debt is a mode conversion of bonds that were previously refunded in 2005.

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