Calif. to Sell $12.5 Billion By November

Finestone, Deborah
May 2001
Bond Buyer;05/14/2001, Vol. 336 Issue 31138, p1
Trade Publication
Reports the decision of the California Department of Water Resources to sell its power bonds to reimburse borrowed funds. Need for a number of bonds to avoid energy crisis; Efforts of treasurer Phil Angelides of selling bonds before August; Factors causing market anxieties in August; Resemblance of a monopolistic market on the latest energy market.


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