Energy Northwest, Wash., plans $155 million sale of revenue bonds

By Sheri Kasprzak

New York, Dec. 6 - Energy Northwest is set to sell $155 million of series 2010D Columbia Generating Station electric revenue bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis through Citigroup Global Markets Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Bank of America Merrill Lynch; and Prager, Sealy & Co. LLC.

The bonds are due July 1, 2024.

Proceeds will be used to finance capital improvements at the Columbia Generating Station, including fuel for the station's reactor, computer upgrades, the replacement of various equipment and infrastructure and the construction of motors, valves, piping and pumps.

Based in Richland, Wash., Energy Northwest owns and operates the Columbia and Packwood generating stations.

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