Investment Grade Calendar

On The Horizon

ATMOS ENERGY CORP.: $350 million of 30-year unsecured notes; proceeds to refinance $250 million of 5.125% senior notes due January 2013; distributes, transmits, stores natural gas and is based in Dallas.

CHICAGO BRIDGE & IRON CO.: $800 million of bonds in multiple tranches in second half of September; to help finance Shaw Group Inc. for $3 billion in cash and stock; the Woodlands, Texas-based engineering and construction firm primarily for oil and gas projects.

ENTERGY CORP.: $575 million of bonds in connection with merger of electric transmission business with ITC Holdings Corp.; transmission subsidiaries Entergy Transco Subs to borrow additional $1.2 billion from capital markets to pay down debt; Dallas-based integrated energy company.

2012

CROWN CASTLE INTERNATIONAL CORP.: $1.05 billion to $1.1 billion before end of 2012; to redeem or repurchase existing senior notes; Rule 144A, Regulation S, possible ratings Baa2/BB/BBB-; Houston-based cell tower company.

DOMINION RESOURCES INC.: $1.6 billion to $2 billion of issuance split between Dominion and Virginia Electric & Power Co.; $1.5 billion used to replace maturing debt; $1.05 billion already priced by Dominion on Sept. 10; Richmond, Va.-based power and energy company.

KERN RIVER: Plans to issue debt in early 2012; to finance the capital costs of its Apex Expansion project that began in October; subsidiary of MidAmerican Energy Holdings Co., an energy producer based in Des Moines.

LINDE AG: Dollar bonds, to refinance $4.5 billion acquisition loan for $4.6 billion purchase of Lincare Holdings Inc.; Munich-based gases and engineering company.

NORTHEAST UTILITIES: $150 million of long-term debt in second half of 2012; subsidiary Western Massachusetts Electric Co. sold $150 million in a reopening on Oct. 1, and Yankee Gas Services Co. will issue $50 million of debt.

PEPCO HOLDINGS INC.: $350 million to $450 million of utility long-term debt issuance in 2012; priced $200 million of 10-year mortgage bonds in March; diversified energy company based in Washington, D.C.

2013

MIDAMERICAN ENERGY HOLDINGS CO.: $500 million to $600 million in late 2013; to pay debt owed to turbine supplier; subsidiary PacifiCorp to price $300 million to $400 million mid-year debt issuance; subsidiary Topaz Solar Farms LLC pricing debt for first half of 2013; subsidiary Electric Transmission Texas LLC pricing debt mid-year to fund continued expansion in Ercot; Des Moines-based energy producer.

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