Municipal Gas Authority of Georgia to sell $82 million revenue bonds

By Sheri Kasprzak

New York, May 7 - The Municipal Gas Authority of Georgia plans to price $82 million of series P gas revenue refunding bonds for the Gas Portfolio III project during the week of May 7, said a preliminary official statement.

The bonds (MIG 1/SP-1+/F1+) will be sold through senior managers Wells Fargo Securities LLC and J.P. Morgan Securities LLC.

The bonds are due in May 2013.

Proceeds will be used to refund the authority's series K revenue bonds, which were used to finance the acquisition of a working interest in gas wells in the Black Warrior Basin of Alabama and the Cherokee Basin of Kansas.

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