Southern California Public Power calls San Juan Power Project bonds

By Marisa Wong

Madison, Wis., Dec. 1 - Southern California Public Power Authority said it will redeem its $71.85 million of outstanding San Juan Power Project revenue bonds, 2002 refunding series B, in full on Jan. 1.

The 5.25% revenue bonds due Jan. 1, 2020 will be redeemed at par plus accrued interest to the redemption date.

Southern California Public Power consists of 10 municipal utilities and one irrigation district and is based in Pasadena, Calif. The authority finances the acquisition of generation and transmission resources, including the San Juan Project. The San Juan Project is a coal-fired steam electric generating unit located near Farmington, N.M.

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