Intermountain Power Agency of Utah to sell $329.26 million revenue refunding bonds Tuesday

By Sheri Kasprzak

New York, March 16 - The Intermountain Power Agency of the State of Utah plans to price $329.255 million in series 2009A subordinated power supply revenue refunding bonds Tuesday, according to a calendar of upcoming offerings.

The sale will be conducted through lead manager Morgan Stanley & Co. Inc.

The co-managers are Goldman, Sachs & Co.; Merrill Lynch & Co.; Fidelity Capital Markets Services Inc.; and Wells Fargo Brokerage Services.

The bonds are due 2010 to 2019.

Proceeds will be used to refund the agency's series 1985E variable-rate power supply revenue and refunding bonds, series 1985F variable-rate revenue bonds, series 1998A revenue refunding bonds and series 1999A revenue refunding bonds.

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