Portland General's plans include $375 million of new debt through 2010

By Angela McDaniels

Tacoma, Wash., May 4 - Portland General Electric Co. plans to issue about $375 million of debt through 2010, according to its earnings release for the first quarter.

Part of the proceeds will be used to refinance about $186 million in debt maturities in 2010.

The company issued $130 million of first mortgage bonds in January and $300 million in April. Proceeds were used to refinance $142 million of pollution control bonds and for capital expenditures, including phase II of its Biglow Canyon Wind Farm and the installation of smart meters.

Portland General Electric is a vertically integrated electric utility based in Portland, Ore.

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