Municipal Gas Authority, Ga., to sell $105 million bonds Thursday

By Sheri Kasprzak

New York, Dec. 9 - The Municipal Gas Authority of Georgia now plans to price its previously announced $105 million in series D and E gas revenue bonds on Thursday, said Chris Howell, the authority's director of finance, Tuesday.

The bonds will be sold through lead manager Wachovia Bank with J.P. Morgan Securities Inc. as the co-manager.

Both the series D and E bonds are due Dec. 16, 2009.

Proceeds will be used for Public Gas Partners, Inc.'s development of gas reserves and to refund outstanding Portfolio III Project bonds.

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