Northern Illinois Municipal Power to sell $69.13 million revenue bonds

By Sheri Kasprzak

New York, Nov. 18 - The Northern Illinois Municipal Power Agency is expected to sell $69.13 million of series 2010A power project taxable revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. as the lead manager. The co-managers are BMO Capital Markets, Morgan Stanley & Co. Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

The maturities have not been set.

Proceeds will be used to finance the agency's interest in the Prairie State Project, a coal-fired generating station with a connected mine.

Based in Rochelle, Ill., the agency is an electric power provider.

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