Southern California Public Power set to price $170.01 million notes

By Sheri Kasprzak

New York, Oct. 28 - The Southern California Public Power Authority will price $170.005 million in series 2009A Canyon Power Project revenue notes, according to a preliminary official statement.

The notes (MIG1/SP-1+/F1+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc. as the senior managers.

The notes are due Aug. 3, 2010.

Proceeds will be used to retire the authority's series 2008A Canyon Power Project revenue notes, as well as to provide interim financing to acquire, develop, equip and expand the project.

The authority is based in Pasadena, Calif.

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