Louisville Gas planning $250 million sale of first mortgage bonds

By Aleesia Forni

Virginia Beach, Nov. 6 - Louisville Gas and Electric Co. is planning to price $250 million of first mortgage bonds, according to a 424B5 filed with the Securities and Exchange Commission on Wednesday.

Citigroup Global Markets Inc., RBS Securities Inc., SunTrust Robinson Humphrey and U.S. Bancorp Investments Inc. are the joint bookrunners.

Proceeds will be used to repay short-term debt obligations, for capital expenditures and for other general corporate purposes.

The regulated electric and natural gas utility is based in Louisville, Ky.

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