Southern California Public Power offers $53.37 million refunding bonds

By Sheri Kasprzak

New York, July 14 - The Southern California Public Power Authority plans to sell $53.365 million in series 2010 revenue refunding bonds for the Tieton Hydropower Project, according to a preliminary official statement.

The offering includes $37 million in series 2010A bonds and $16.365 million in series 2010B taxable bonds.

The bonds (A1/AA-/) will be sold through Citigroup Global Markets Inc.

Proceeds will be used to refund bonds that were issued to finance the expansion of the Tieton Hydropower Project.

Based in Pasadena, Calif., the authority finances and operates power plants and transmission lines.

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