Southern California Public Power Authority to sell $533.07 million revenue bonds Aug. 25

By Sheri Kasprzak

New York, Aug. 18 - The Southern California Public Power Authority is set to price $533.065 million in series 2010-1 Windy Points/Windy Flats revenue bonds on Aug. 25, according to a preliminary official statement.

The bonds (/AA-/AA-) will be sold on a negotiated basis with J.P. Morgan Securities Inc. as the senior manager. The co-managers are Backstrom McCarley Berry & Co.; De La Rosa & Co.; Fidelity Capital Markets Inc.; Goldman Sachs & Co.; Loop Capital Markets LLC; and Stone & Youngberg.

The bonds are due 2011 to 2030.

Proceeds will be used to prepay for 11.1 million megawatt hours of wind power generation over a 20-year contract.

Based in Anaheim, Calif., the authority is a joint powers authority comprising 10 municipalities and one irrigation district.

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