Louisiana Energy and Power arranges $125.04 million revenue bond sale

By Sheri Kasprzak

New York, Sept. 23 - The Louisiana Energy and Power Authority plans to price $125.04 million of series 2013A power project revenue bonds, according to a preliminary official statement.

The bonds (A2/AA-/) will be sold on a negotiated basis with Raymond James/Morgan Keegan as the senior manager.

The bonds are due 2017 to 2044.

Proceeds will be used to finance the construction of a 64 MW combined cycle combustion turbine electric generating unit in Morgan City, La.

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