Hungry for Power, California Obtains $3.5 Billion Bridge Loan

Finestone, Deborah
June 2001
Bond Buyer;6/20/2001, Vol. 336 Issue 31164, p1
Trade Publication
Reports that California has obtained a bridge loan arranged by J.P. Morgan Securities Inc. and Lehman Brothers. Plans to use the proceeds of the loan to buy more power for the state's hard-pressed utilities; California's plan to obtain additional funds by the time the bridge loan is scheduled to close on July 1, 2001.


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