The Louisiana Energy and Power Authority will ask the State Bond Commission for permission to issue $150 million of power system revenue bonds Thursday at the Commission’s June session.
The Authority will use proceeds from the 35-year bonds to build and equip a new combined-cycle electric generating plant in Morgan City.
The natural gas-fired plant will provide electric power and energy to member municipalities. The generating facility is to be operational by late 2015.
LEPA’s revenue bonds are rated A3 by Moody’s Investors Service and A-minus by Standard & Poor’s.
The Greater New Orleans Expressway Commission is seeking Commission approval for a refunding totaling $44 million of maturities from 2014 through 2033 of bonds it issued in 2003.
East Baton Rouge Special Hospital Service District No. 1has proposed a $25 million bond issue that includes $12 million of new money to upgrade a medical center. The district also wants to refund $13 million of Gulf Opportunity Zone bonds issued in 2010 and hospital revenue bonds from 2007.