Ohio Air Quality plans to sell $241.26 million bonds for FirstEnergy

By Aaron Hochman-Zimmerman

New York, June 5 - The Ohio Air Quality Development Authority plans to issue $241.26 million in series 2009C-D Ohio pollution control revenue bonds (Baa1/BBB/) on behalf of FirstEnergy Generation Corp., according to Darryl Fields, general counsel to the authority.

The bonds are scheduled to price on Tuesday.

Barclays Capital Inc. will act as underwriter for the negotiated sale of the $141.26 million series C bonds, while Merrill Lynch & Co. will act as underwriter for the negotiated sale of the $100 million series D bonds.

The series C bonds carry maturities from 2009 to 2018, while the series D bonds carry maturities from 2009 to 2029.

The Ohio Air Quality Development Authority is located in Columbus, Ohio.

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