Municipal Electric Authority of Georgia to sell $2.5 billion project bonds week of March 1

By Sheri Kasprzak

New York, Feb. 26 - The Municipal Electric Authority of Georgia is set to bring to market $2.533 billion in series 2010 Plant Vogtle project bonds during the week of March 1, according to a calendar of bond offerings.

The offering includes $953.24 million in series 2010A project M Build America Bonds, $19.68 million in series 2010B project M tax-exempt bonds, $1,114,655,000 in series 2010A project J Build America Bonds, $26.57 million in series 2010B project J tax-exempt bonds, $410.88 million in series 2010A project P Build America Bonds and $8.245 million in series 2010B project P tax-exempt bonds.

The bonds will be sold through senior manager Goldman Sachs & Co.

The 2010A project M bonds are due 2019 to 2057, and the 2010B project M bonds are due 2017 to 2029 with a term bond due 2040. The 2010A project J bonds are due 2018 to 2057, and the 2010B project J bonds are due 2017 to 2021 with a term bond due 2040. The 2010A project P bonds are due 2018 to 2057, and the 2010B project P bonds are due 2017 to 2020 with a term bond due 2040.

Proceeds will be used to construct new Plant Vogtle electric generation facilities.

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