California Borrows $500 Million For Oroville Dam Work

OROVILLE, Calif. (AP) – California is borrowing up to a half-billion dollars to pay for repairs to the badly damaged spillways at the nation’s tallest dam.
The state treasurer’s office said Monday that California water officials obtained a $500 million letter of credit last week for the Oroville Dam repairs.
Heavy water this winter tore giant craters out of both spillways at the half-century-old dam, forcing the evacuation of 188,000 people. The state Department of Water Resour