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Published on 8/17/2012 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Southern California Public Power calls Mead-Adelanto revenue bonds

By Marisa Wong

Madison, Wis., Aug. 17 - Southern California Public Power Authority plans to redeem several series of its Mead-Adelanto revenue bonds, according to notices.

The following bonds will be redeemed on Sept. 14 at par plus accrued interest to the redemption date:

• $28.7 million of 2008 series A bonds due July 1, 2020;

• $96,025,000 of 2008 series A bonds due July 1, 2020;

• $3.41 million of 2008 series B taxable bonds due July 1, 2015; and

• $1,205,000 of 2008 series B taxable bonds due July 1, 2015.

Southern California Public Power consists of 11 municipal utilities and one irrigation district and is based in Glendora, Calif. The authority finances the acquisition of generation and transmission resources, including the Mead-Adelanto transmission project.


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