California to tap markets
California, owner of the worst credit ranking among US states, plans to tap bond markets for $4 billion in March to finance infrastructure improvements, a spokesman for State Treasurer Bill Lockyer said.
Water rates could be going up for more than 460,000 Californians, including thousands in the Central Valley, under an agreement reached between California Water Service Group of San Jose and the California Public Utilities Commission's Division of Ratepayer Advocates.