CHICAGO — The Illinois Municipal Electric Agency enters the market today with about $325 million of debt — mostly taxable Build America Bonds — to finance the remaining costs tied to its participation in the $4.37 billion, coal-fired Prairie State Generation Station.
JPMorgan is senior manager. BMO Capital Markets GKST Inc., Edward Jones, Morgan Stanley, and Wachovia Bank NA are co-managers. McDonald Partners Inc. is the agency’s financial adviser. Chapman and Cutler LLP is bond counsel on the transaction.