Southwest

After three years of negotiations, the Los Angeles Department of Water and Power is seeking final approval to sell its 21.2% stake in the coal-fired Navajo Generating Station in Page, Ariz., to the Salt River Project.

The closure of the Treasury SLGS window has added a degree of difficulty to some refunding deals.

A former Oklahoma lawmaker is seeking to have $2 billion of budget bills from the past three years declared unconstitutional by the state Supreme Court.

With its economy recovering, Arizona this month paid off the last of $44 million in federal loans for unemployment benefits, officials said.

Updated totals show that local voters in Texas approved $3.9 billion of the $5.4 billion of bond proposals on ballots in the state May 9.

Texas lawmakers approved a bill that would allow the state Comptroller to seek higher returns and slightly higher risks in investing most of the state's $7 billion rainy day fund.

Two years after the city auditor declared Floresville, Texas, insolvent, the town on the edge of the oil boom has earned a three-notch upgrade from Standard & Poor’s.

Colorado’s E-470 Public Highway Authority earns an upgrade to BBB-Plus from Standard & Poor’s as it prepares to refund $40 million of toll revenue bonds. The higher rating follows a similar boost from Moody’s Investors Service Feb. 20.

Arkansas revenues are expected to run about $164 million above the previous forecast in 2015, according to an updated report. However, the new forecast calls for a decline in the fiscal year beginning July 1.

Arkansas Gov. Asa Hutchinson plans to call a special session of the Legislature to approve bonds for Lockheed Martin's assembly plant for a next-generation vehicle for the U.S. Army and Marine Corps.