California DWR Pays Out $387M For Power-Purchase Interim Loans
- California DWR Expected to Default On $4.3 Billion Wall St. Bridge Loan. Finestone, Deborah // Bond Buyer;10/11/2001, Vol. 338 Issue 31241, p3
Reports the expectation of the California Department of Water Resources to default the bridge loan from major investment firms. Negotiation between state officials on terms of loan agreement; Repayment of the general fund; Details on the dispute over the issuance of revenue anticipation warrants.
- California DWR Set to Offer $4.25 Billion to 'Saturated' Market. Fine, Jacob // Bond Buyer;10/18/2002, Vol. 342 Issue 31494, p32
Reports the marketing of variable-and-auction-rate bonds by the Department of Water Resources in California. Mode of the interest rates; Absence of yield discount; Exemption from the federal and state income taxes.
- October's Long-Term Issuance On Pace for Year-End Record. Walker, Susanne // Bond Buyer;11/1/2002, Vol. 342 Issue 31504, p1
Reports on the heavy volume of issuance in the U.S. long-term municipal bond market in October, 2002. Expectations from sale of fixed-rate power bonds issued by the California Department of Water Resources; Decline in the level of interest rates in the second week of the month; Competition...
- California's DWR Avoids Default, Saves Troubled State 'Black Eye.'. Finestone, Deborah // Bond Buyer;10/12/2001, Vol. 338 Issue 31242, p3
Focuses on the aversion of Department of Water Resources for its technical default in bridge loans in San Francisco, California. Negotiation with the Department of Finance officials on the loan agreement; Efforts for selling the bonds without requiring a rate agreement; Problems in the state credit.
- DWR to See Bank Bonds. Saskal, Rich; Ward, Andrew // Bond Buyer;11/24/2008, Vol. 366 Issue 33010, p1
The article reports on the decision of California Department of Water Resources (DWR) to allow its $350 million of variable-rate power revenue bonds to become bank bonds after failing to find buyers for a fixed-rate conversion. The DWR planned to price $523 million of fixed-rate debt on November...
- DWR's Big Refunding. Saskal, Rich // Bond Buyer;10/3/2005, Vol. 354 Issue 32230, p1
Reports on the plan of the California Department of Water Resources for a $2 billion refunding for some of the power supply revenue bonds issued in 2002 in the wake of the state's energy crisis. Use of interest rate swaps to create a synthetic fixed rate; Inclusion of a mix of insured and...
- Moody's Upgrades $9.5 Billion Of California DWR Bonds to Aa3. Saskal, Rich // Bond Buyer;10/10/2007, Vol. 362 Issue 32730, p32
The article reports on the upgrade of California Department of Water Resources power supply revenue bonds to Aa3 from A1 by Moody's Investors Service Inc. in San Francisco. The bonds were issued to clean up the financial mess created by state's power crises of 2000 and 2001. Moreover, more than...
- Chase-Led Calif. Loan Nearer Repay . // American Banker;2/26/2002, Vol. 167 Issue 38, p4
Reports the barrier problem of the bridge loan of the Department of Water Resources in San Francisco, California. Issuance of the loan by the J.P. Morgan Chase & Co.; Details on the downgrading on the bond ratings by Moody's Investors Service; Illustration on the risk inherent in making bridge...
- Calif. PUC Rejects Rate Agreement. Finestone, Deborah // Bond Buyer;10/3/2001, Vol. 338 Issue 31236, p1
Reports the rejection of the rate agreement between California Department of Water Resources and the Public Utilities Commission. Criticisms on the terms of the agreement; Apprehensions of bankers on the rejection; Consequences to debt and bond services in the country.