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Beaver County Industrial Development, Pa.'s FirstEnergy Nuclear bonds have mandatory tender
By Marisa Wong
Madison, Wis., Aug. 22 - Beaver County Industrial Development Authority of Pennsylvania gave notice that its FirstEnergy Nuclear Generation Corp. pollution control revenue refunding bonds, series 2006-A, 2006-B and 2008-A, are subject to mandatory tender for purchase on Sept. 1.
The affected bonds include $60 million of 2006-A bonds, $129.61 million of 2006-B bonds, $98.9 million of 2008-A bonds and $28.525 million of 2008-A bonds.
The bonds will be purchased at par plus accrued interest to the purchase date.
The mandatory purchase is due to the cancellation of the bonds' current letter of credit on Sept. 1.
The Bank of New York Mellon Trust Co., NA is the trustee.
FirstEnergy owns nuclear energy generating facilities and is based in Akron, Ohio.
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