JEA, Fla., plans to sell $59.6 million electric system revenue bonds

By Sheri Kasprzak

New York, March 4 - JEA of Florida is expected to price $59.6 million in series three 2010A electric system revenue bonds, according to a preliminary official statement.

Citigroup Global Markets Inc. is the lead manager. The co-managers are J.P. Morgan Securities Inc.; Barclays Capital Inc.; Bank of America Merrill Lynch; Goldman Sachs & Co.; Morgan Stanley & Co. Inc.; and Wells Fargo Securities Inc.

The bonds are due 2012 to 2030.

Proceeds will be used to refund some of JEA's outstanding electric system revenue bonds.

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