Southern California Public Power to sell $123.58 million bonds Tuesday

By Sheri Kasprzak

New York, Dec. 5 - The Southern California Public Power Authority plans to price $123.58 million in series 2008B transmission project revenue bonds on Tuesday, according to a calendar of upcoming deals.

The bonds (Aa3/A+/) will be sold through senior manager Morgan Stanley & Co. Inc. The co-managers are Banc of America Securities LLC, Citigroup Global Markets, E.J. De La Rosa & Co., J.P. Morgan Securities Inc. and Siebert Brandford Shank & Co.

The bonds are due 2024 to 2027.

Proceeds will be used for construction on improvement projects to the Intermountain Power Project Southern Transmission System.

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