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Published on 3/31/2009 in the Prospect News Municipals Daily.

New Issue: Energy Northwest, Wash., sells $370.55 million bonds at 4.104% TIC

By Aaron Hochman-Zimmerman

New York, March 31 - Energy Northwest in Washington priced $370.55 million series 2009 revenue refunding bonds at a true interest cost of 4.104%, according to spokeswoman Rochelle Olson.

Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as lead underwriters for the negotiated deal, which has its final maturity in 2024.

Proceeds will be used for system maintenance.

Energy Northwest has headquarters in Richland, Wash.

Issuer:Energy Northwest
Issue:Series 2009 revenue refunding bonds
Amount:$370.55 million
Final maturity:2024
True interest cost:4.104%
Type:Negotiated
Underwriters:Citigroup Global Markets Inc., Goldman, Sachs & Co.
Pricing date:March 31

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