MEAG calls 2002A combustion turbine, 2003A combustion cycle bonds

By Marisa Wong

Milwaukee, April 30 - The Municipal Electric Authority of Georgia gave notice that it will redeem some of its series 2002A combustion turbine project and series 2003A combustion cycle project revenue bonds on May 24.

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

Affected are the following 2002A bonds:

• $13.03 million of 5.25% bonds due Nov. 1, 2019;

• $29.475 million of 5% bonds due Nov. 1, 2024; and

• $19.495 million of 5% bonds due Nov. 1, 2029.

Of the 2003A bonds, the ones to be redeemed are the $5.335 million of 5% bonds due Nov. 1, 2023 and $5.58 million of 4.75% bonds due Nov. 1, 2024.

The authority may rescind the call prior to May 24.

The Bank of New York Mellon Trust Co., NA is the trustee.

MEAG is an Atlanta-based public power provider.

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