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Published on 5/14/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Northern California Power calls some 1998A Hydroelectric Project bonds

By Marisa Wong

Milwaukee, May 14 - The Northern California Power Agency will redeem a portion of its Hydroelectric Project Number One revenue bonds, 1998 refunding series A, according to a notice.

The bonds will be redeemed on July 1 at par, plus accrued interest up to the redemption date.

Affected are the following bonds:

• $5.75 million of 5.25% bonds due July 1, 2011;

• $6.055 million of 5.25% bonds due July 1, 2012;

• $6.365 million of 5.25% bonds due July 1, 2013;

• $7.005 million of 5.25% bonds due July 1, 2014;

• $7.37 million of 5% bonds due July 1, 2015;

• $7.745 million of 5% bonds due July 1, 2016;

• $9.64 million of 5% bonds due July 1, 2017;

• $10.13 million of 5% bonds due July 1, 2018; and

• $49.085 million of 5.125% bonds due July 1, 2023.

The not-for-profit agency is based in Roseville, Calif., and provides support to 17 community-owned utilities.


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