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Published on 10/8/2010 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

California Water Resources calls parts of power supply revenue bonds

By Marisa Wong

Madison, Wis., Oct. 8 - The State of California Department of Water Resources gave notice that it will redeem certain of its power supply revenue bonds, series 2002-B, 2002-C, 2005-G and 2008-J, on Oct. 22.

The bonds will be redeemed at par plus accrued interest to the redemption date.

To be redeemed are the following bonds:

• $5 million of 2002B-1 bonds due May 1, 2022;

• $153.8 million of 2002C-1 bonds due May 1, 2022;

• $50 million of 2002C-5 bonds due May 1, 2022;

• $123.8 million of 2002C-8 bonds due May 1, 2022;

• $22.4 million of 2002C-9 bonds due May 1, 2022;

• $40.4 million of 2002C-11 bonds due May 1, 2022;

• $29 million of 2002C-14 bonds due May 1, 2022;

• $4.2 million of 2002C-17 bonds due May 1, 2022;

• $16.8 million of 2005G-1 bonds due May 1, 2011;

• $6.2 million of 2005G-2 bonds due May 1, 2011;

• $100 million of 2005G-3 bonds due May 1, 2016;

• $200 million of 2005G-5 bonds due May 1, 2016;

• $85.78 million of 2005G-6 bonds due May 1, 2017;

• $25.5 million of 2008J-1 bonds due May 1, 2018; and

• $191.46 million of 2008J-2 bonds due May 1, 2018.

U.S. Bank NA is co-trustee of the bonds.


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