Missouri Joint Municipal Electric Utility to sell $101.42 million bonds Wednesday

By Cristal Cody

Tupelo, Miss., March 13 - The Missouri Joint Municipal Electric Utility Commission plans to sell $101.415 million in power project revenue bonds on Wednesday, Michael Loethen, chief financial officer, told Prospect News.

The $98.335 million series 2009A bonds have serial maturities from 2013 through 2019 and terms due in 2029 and 2039, according to a preliminary official statement.

The $3.08 million series 2009B bonds are due in 2012.

J.P. Morgan Securities Inc. is the senior manager of the negotiated sale.

Goldman, Sachs & Co. and Wachovia Bank, NA are co-managers.

The proceeds will be used to finance a portion of the costs to acquire an interest in a coal-fired generating unit under construction near Weston, Mo.

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