Lake Charles Harbor, La., plans to issue $90 million revenue bonds

By Sheri Kasprzak

New York, Nov. 15 - The Lake Charles Harbor and Terminal District of Louisiana plans to price $90 million of series 2010 revenue bonds for Lake Charles Cogeneration LLC, according to a preliminary official statement.

The bonds will be sold through Citigroup Global Markets Inc. and Morgan Keegan & Co. Inc.

The bonds are due Nov. 1, 2040.

Proceeds will be used to develop, design, acquire, equip, construct and install a poly-generation gasification facility in Calcasieu Parish, La., capable of producing chemicals, carbon dioxide, substitute natural gas and other industrial products.

The district manages the port activities of Lake Charles, La.

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