There’s no doubt California has been hard hit by the recession caused by the COVID-19 pandemic. The state’s unemployment rate is north of 15% and millions of households are struggling to pay their bills, whether it be the monthly rent or mortgage, a car payment or their utility bills.
The San Diego County Water Authority’s decision to do a forward delivery on one of two series for a $400 million refunding paid off with the water wholesaler realizing $67.4 million in savings.
The Water Authority decided to explore what has become a more frequent option used by issuers since tax-exempt advance refundings were eliminated by the 2017 federal tax bill with the aim of realizing greater savings for ratepayers, said Lisa Marie Harris, the water authority’s finance director.
Co-lead managers B of A Securities and Loop Capital Markets priced Wednesday a $283.5 million series and $117.7 million series of water revenue refunding bonds. Orrick Herrington & Sutcliffe LLP is bond counsel. Montague DeRose and Associates LLC and Acacia Financial Group are co-municipal advisors.
Even as a boy, I knew there was something unusual, even other-worldly, about living in the Imperial Valley.
We seemed so isolated, more connected to Mexico than California. In fact the valley’s largest city was Mexicali, just across the border, and we’d often walk across for cheap restaurant food. It was an hours-long, 100-mile automobile drive through treeless, boulder-strewn mountains to San Diego, the nearest California city of any size.
Imperial Irrigation District made the first notable follow-up to its petition to hit the brakes on the Lower Basin Drought Contingency Plan for the Colorado River with an opening brief filed Wednesday.
IID originally filed the petition in Superior Court of Los Angeles County on April 18, 2019. The petition calls on the court to suspend approvals and actions related to the Lower Basin Drought Contingency Plan until such time an appropriate analysis of Metropolitan Water District of Southern California’s commitment to the plan has been completed in accordance with the California Environmental Quality Act.
The Imperial Irrigation District Board of Directors approved their annual funding contribution to the Colorado River Board at their July 7 meeting.
The board met in their regular session to approve a $661,250 contribution to the Colorado River Board of California’s 2020-2021 budget to help achieve the mission to protect the Colorado River.
South San Joaquin Valley farmers have a reason to celebrate this week: Democratic leaders in the House of Representatives appropriated $200 million to fix the Friant-Kern Canal.
The bill also includes funding to repair the Delta-Mendota Canal and for two Northern California reservoirs.
A California environmental advocacy group urged the state’s air pollution regulator and agriculture department to do more for minority communities in an annual report card it published last week.
That report card, compiled by the California Environmental Justice Alliance, issued environmental justice grades to eight agencies, with a statewide C average.
Here at 12,000 feet on the Continental Divide, only vestiges of the winter snowpack remain, scattered white patches that have yet to melt and feed the upper Colorado River, 50 miles away.
That’s normal for mid-June in the Rockies. What’s unusual this year is the speed at which the snow went. And with it went hopes for a drought-free year in the Southwest.
Charismatic is hardly the best word to describe the humpback chub, a fish with a frowny eel face jammed onto a sportfish body in a way that suggests evolution has a sense of humor. Nor did tastiness build a fan base for this “trash fish” across its natural habitat throughout the Colorado River Basin. But, in 1973, the humpback chub became famous by winning federal protection under the Endangered Species Act.
Rollbacks of the Clean Water Act and the executive order to suspend the National Environmental Policy Act are meant to save costs and cut red tape. However, Jeremy Schewe, professional wetland scientist, explains these efforts will ultimately lead to far greater expense to business, society, and the planet, especially when combined with the House proposed infrastructure stimulus package.
