Florida Municipal Power plans to sell $170.44 million bonds Wednesday

By Sheri Kasprzak

New York, April 13 - The Florida Municipal Power Agency is expected to bring $170.435 million in series 2009 all-requirements power supply revenue bonds to market Wednesday, according to a calendar of bond offerings.

The bonds (A1//A+) will be sold through senior manager Merrill Lynch & Co. Inc. The co-managers include J.P. Morgan Securities Inc., Morgan Keegan & Co. Inc. and Wachovia Bank.

The offering includes 2009A and 2009B bonds. The 2009A bonds are due 2012 to 2031, and the 2009B bonds are due 2019.

Proceeds will be used to construct the agency's Cane Island Unit No. 4 and to finance obligations to Public Gas Partners Inc. under a gas supply agreement.

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