Municipal Electric Authority of Georgia to sell $130.13 million bonds

By Sheri Kasprzak

New York, April 23 - The Municipal Electric Authority of Georgia plans to price $130.13 million in series 2010A combined cycle project revenue bonds, according to a preliminary official statement. Pricing is expected during the week of May 3.

The bonds (A1/A/) will be sold through lead manager J.P. Morgan Securities Inc. The co-managers include Barclays Capital Inc.; BMO Capital Markets LLC; Bank of America Merrill Lynch; Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Morgan Stanley & Co. Inc.; Wells Fargo Securities Inc.; Edward Jones & Co.; Fidelity Capital Markets; FirstSouthwest Co.; Jackson Securities Inc.; Jefferies & Co.; Morgan Keegan & Co. Inc.; Ramirez & Co. Inc.; and Raymond James & Associates.

The bonds are due 2010 to 2019.

Proceeds will be used to refund the authority's series 2002A-B bonds and its 2003A bonds.

The authority, based in Atlanta, is an electric and gas utility.

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