Rare Good News in California: Water Dept. Needs $1B Less Than Thought
- DWR: Hetch Hetchy Idea Carries Hefty Price Tag. Saskal, Rich // Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p4
The article discusses the restoration of the Hetch Hetchy Valley in Yosemite National Park, California to natural conditions is feasible but costly, according to a report by the California Department of Water Resources. The report emerged following a 2004 legislative request from state...
- Nearly $2B From Big California Issuers Leads $8.2B Calendar. Albano, Chrsitine // Bond Buyer;3/10/2008, Vol. 363 Issue 32832, p6
The article reports on the risk that large issuers in various states in the U.S. will take in the primary market as part of the $8.2 billion in new-issue volume expected to begin. The risk is due to the ongoing turmoil in the auction-rate and credit sectors. Two of these deals such as the $1.025...
- Rate Plan Proposed for Calif. Power Sale. Finestone, Deborah // Bond Buyer;7/20/2001, Vol. 337 Issue 31185, p3
Reports on the California Public Utilities Commission's release of a draft rate agreement for the state Department of Water Resources' (DWR) bid to sell power purchase revenue bonds. Amount of the bonds to be issued by DWR; Plans of the commission to cover the department's costs related to the...
- California DWR Pumping in $2B of Tax-Exempts. Saskal, Rich // Investment Dealers' Digest;4/30/2010, Vol. 76 Issue 16, p11
The article reports on the two billion dollars tax exemption due to the revenue bonds of California Department of Water Resources (DWR). The deal is expected to refund and restructure some part of DWR's debt portfolio from its 11.3 billion dollars issuance in 2002. It points out that DWR was...
- Buyers of California DWR Bonds Get the Last Laugh on Prices. Johnson, Matthew // Bond Buyer;2/11/2005, Vol. 351 Issue 32069, p6
Reports on the status of revenue bonds used in resolving the power crisis of the California Department of Water Resources. Improvements in the bond's credit quality; Advantage gained by investors involved in the deal; Rating granted to the bonds by several rating agencies.
- 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.
- 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.
- 2014 DWR 5 percent water allocation is 'wake-up call'. // Western Farm Press Exclusive Insight;11/21/2013, p1
The article announces that the California Department of Water Resources has announced an initial allocation of five percent of requested deliveries to State Water Project contractors in calendar year 2014.
- S&P Upgrades $2.1B of California DWR Debt to AAA. Saskal, Richard // Bond Buyer;4/17/2008, Vol. 364 Issue 32836, p28
The article reports on the upgrade made by Standard & Poor's Corp. (S&P) to the water revenue bonds of the California Department of Water Resources to AAA from AA. The rating agency said that the upgrade reflects the increasing essentiality of Central Valley Project water to the state, which...