JEA, Fla., to redeem St. Johns River Power refunding revenue bonds

By Marisa Wong

Madison, Wis., Oct. 5 - JEA gave notice that it will redeem its St. Johns River Power Park System refunding revenue bonds, issue two series 17 and series 20, on Nov. 4.

The following outstanding bonds are affected:

• $61.785 million of 5.25% series 17 bonds due Oct. 1, 2012;

• $76.92 million of 5.25% series 17 bonds due Oct. 1, 2013;

• $54 million of 5% series 17 bonds due Oct. 1, 2014;

• $33.16 million of 5% series 17 bonds due Oct. 1, 2015;

• $42.74 million of 5% series 17 bonds due Oct. 1, 2017;

• $42.445 million of 5% series 17 bonds due Oct. 1, 2018;

• $10.27 million of 3.75% series 17 bonds due Oct. 1, 2012;

• $18.03 million of 4% series 17 bonds due Oct. 1, 2013;

• $16.47 million of 4% series 17 bonds due Oct. 1, 2014;

• $10.925 million of 4.125% series 20 bonds due Oct. 1, 2015;

• $400,000 of 4.2% series 20 bonds due Oct. 1, 2016;

• $400,000 of 4.25% series 20 bonds due Oct. 1, 2017;

• $425,000 of 4.375% series 20 bonds due Oct. 1, 2018;

• $10 million of 4.5% series 20 bonds due Oct. 1, 2019; and

• $5 million of 4.5% series 20 bonds due Oct. 1, 2020.

The bonds will be redeemed at par plus accrued interest to Nov. 3.

JEA is an electric utility based in Jacksonville, Fla., and St. Johns is a coal-fired electric power generating station operated by JEA and Florida Power and Light Co.

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