Northern California Power's 2008 revenue bonds have mandatory tender

By Marisa Wong

Madison, Wis., Aug. 29 - Northern California Power Agency said that its Hydroelectric Project Number One revenue bonds, 2008 refunding series A and 2008 refunding series B, are subject to mandatory tender for purchase on Sept. 27.

The bonds will be purchased at par plus accrued interest to the purchase date.

The mandatory tender is due to replacement of the bonds' current credit facility with an alternate credit facility.

U.S. Bank NA is the trustee.

The not-for-profit joint powers agency is based in Roseville, Calif.

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