EDA Approval

Newman, Emily
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p35
Trade Publication
The article reports that Economic Development Authority (EDA) board members this month approved two capital projects that could ultimately involve the sale of up to $1.3 billion in bonds. EDA officials said last week. The projects would include environmental improvements at two power generation plants owned by American Electric Power subsidiaries. The EDA would sell the bonds as a conduit issuer for American Blectric, according to EDA director David Warner. The bonds could be a combination of taxexempt and mostly taxable bonds, Warner said. He added that it is more than likely that the nine-member board would approve the large bond issue in its entirety.


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