Oklahoma Municipal Power may sell $110 million bonds this week; more state offerings on tap

By Cristal Cody

Tupelo, Miss., Oct. 14 - The state of Oklahoma planned to decide late Tuesday whether to price $110 million revenue bonds this week for the Oklahoma Municipal Power Authority, said Jim Joseph, adviser for the Oklahoma State Bond Advisor's Office.

The state will hold a pricing call to discuss the market, he said.

The series 2008 power supply bonds are expected to price through a negotiated sale managed by J.P. Morgan Securities Inc.

Oklahoma also has several sales planned through 2010, including $300 million in improvement bonds from the Department of Transportation, $100 million lease revenue bonds for the Oklahoma Regents for Higher Education Endowed Chairs Program and $75 million lease revenue bonds for the Native American Cultural and Educational Authority, flood control and conservation projects and dam improvements, bank stabilization and low water dam construction on the Arkansas River.

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