Energy Northwest, Wash., plans $155.8 million electric revenue bonds

By Sheri Kasprzak

New York, March 12 - Energy Northwest of Washington State is set to price $155,795,000 of series 2012 electric revenue refunding bonds, according to a preliminary official statement.

The deal includes $40,675,000 of series 2012B project 1 bonds, $29,135,000 of series 2012B project 3 bonds, $24.17 million of series 2012C taxable project 1 bonds and $61,185,000 of series 2012C taxable project 3 bonds.

The bonds will be sold through Goldman, Sachs & Co. The co-managers are Citigroup Global Markets Inc. and Bank of America Merrill Lynch.

The 2012B project 1 bonds are due 2016 to 2017, and the 2012B project 3 bonds are due in 2017. The 2012C project 1 bonds are due in 2016, and the 2012C project 3 bonds are due 2015 to 2016.

Proceeds will be used to advance refund the utility's series 2003A project 1 and project 3 revenue bonds.

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