Southern California Public Power plans $159.44 million revenue bonds

By Cristal Cody

Tupelo, Miss., Aug. 9 - Southern California Public Power Authority intends to sell $159.44 million in series revenue bonds for the Milford Wind Corridor phase II project, according to a preliminary official statement.

The series 2011-1 bonds (/AA-/AA-) have serial maturities from 2012 through 2031.

Barclays Capital Inc. is the lead manager of the negotiated sale. The co-managers are Bank of America Merrill Lynch, Citigroup Global Markets Inc., Loop Capital Markets LLC and Stone & Youngberg LLC.

Proceeds will be used to finance the prepayment for electricity supply from the wind-powered electric facility near Milford, Utah.

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