Portland General plans now include $400 million of new bonds into 2010

By Jennifer Chiou

New York, Sept. 9 - Portland General Electric Co. announced plans to issue about $400 million of bonds through 2010.

Part of the proceeds will be used to refinance about $186 million of debt maturities in 2010 while the remainder will go toward the Biglow Canyon phase 3 and other capital projects.

This news follows the company's May 4 announcement of plans to issue $375 million of debt through the same period.

As previously noted, the company issued $130 million of first mortgage bonds in January and $300 million in April.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.