Missouri Joint Municipal Electric Utility Commission plans to sell $80 million revenue bonds

By Sheri Kasprzak

New York, Nov. 22 - The Missouri Joint Municipal Electric Utility Commission is set to sell $80 million of series 2010 power project revenue bonds for the Prairie State Project, according to a preliminary official statement.

The offering will include two tranches - series 2010A Build America Bonds and series 2010B tax-exempt bonds - but the breakdown of those tranches has not been determined.

The bonds (A3//A-) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the senior manager. The co-managers are BMO Capital Markets Corp., Edward Jones & Co. LP and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance the commission's share of the Prairie State Project, a 1,600 megawatt electric power generation facility.

Based in Columbia, Mo., the commission is a conglomerate of local electric utilities throughout the state.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.