Tennergy to redeem $73.51 million of gas revenue bonds due 2016

By Melissa Kory

Cleveland, April 4 - Tennergy Corp. said it will redeem $34.11 million of its $346.23 million of series 2006B and $39.4 million of its $400 million of series 2006A variable-rate gas revenue bonds due May 1, 2016.

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

Bank of New York Mellon is the redemption agent.

Based in Jackson, Tenn., Tennergy manages the acquisition, transmission and storage of energy for customers in the southeastern United States.

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