Business & Finance
LA Sells $400 Million in Munis After Sunset Boulevard Pipe Burst
Key Points
LA Sells $400 Million in Munis After Sunset Boulevard Pipe Burst The Los Angeles Department of Water and Power plans to sell $400 million of water revenue bonds Tuesday to help finance a sweeping infrastructure overhaul that has drawn fresh scrutiny since a ruptured pipe shut part of Sunset Boulevard for several days. The largest municipal utility in the US plans to spend more than $10 billion through fiscal 2031 to replace and rehabilitate infrastructure, including a 1916 trunk line that...
LA Sells $400 Million in Munis After Sunset Boulevard Pipe Burst
The Los Angeles Department of Water and Power plans to sell $400 million of water revenue bonds Tuesday to help finance a sweeping infrastructure overhaul that has drawn fresh scrutiny since a ruptured pipe shut part of Sunset Boulevard for several days.
The largest municipal utility in the US plans to spend more than $10 billion through fiscal 2031 to replace and rehabilitate infrastructure, including a 1916 trunk line that burst last month.