JEA, Fla., coordinates $75 million bulk power supply revenue bond sale

By Sheri Kasprzak

New York, Feb. 13 - The Jacksonville Electric Authority of Florida plans to price $75 million of series 2014A bulk power supply system revenue bonds for the Scherer 4 project, according to a preliminary official statement.

The bonds (Aa2/AA-/AA) will be sold on a negotiated basis with Jefferies & Co. as the senior manager. The co-managers are BofA Merrill Lynch; Barclays; BMO Capital Markets LLC; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; J.P. Morgan Securities LLC; Loop Capital Markets LLC; Morgan Stanley & Co. LLC; Piper Jaffray & Co.; RBC Capital Markets LLC; Raymond James/Morgan Keegan; and U.S. Bancorp Investments Inc.

The maturities have not been set.

Proceeds will be used to refund all or a portion of the authority's series 2008A revenue bonds.

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