Energy Northwest to sell $777.18 million of electric revenue bonds

By Cristal Cody

Tupelo, Miss., Aug. 8 - Energy Northwest in Richland, Wash., intends to price $777.18 million of Columbia Generating Station electric revenue bonds, according to a preliminary official statement.

The deal includes $34,435,000 of series 2012D bonds and $742,745,000 of series 2012E bonds.

The series 2012D bonds have serial maturities from 2025 through 2032 and term bonds due in 2037 and 2044.

The series 2012E bonds have serial maturities in 2015 and 2018 though 2027.

Bank of America Merrill Lynch, Citigroup and Goldman, Sachs & Co. are the bookrunners.

Proceeds will be used to acquire fuel for the generating station and to finance repairs, renovations and improvements.

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