Municipal Electric Authority of Georgia to sell $107.945 million in BANs

By Sheri Kasprzak

New York, May 13 - The Municipal Electric Authority of Georgia is scheduled to price $107.945 million in series 2009 bond anticipation notes, said a preliminary official statement released Wednesday.

The sale includes $53.285 million in series 2009A Plant Vogtle Additional Units PPA-2 project bond anticipation notes and $54.66 million in series 2009B Plant Vogtle Additional PPA2 project BANs.

The notes will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. as the senior managers.

The notes are due in 2010.

Proceeds will be used to finance the authority's PPA-2 project, the output and services of which are sold to PowerSouth Energy Cooperative and 39 of MEAG's affiliates.

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