A Natural Purchase

Williams, Rochelle
May 2003
Bond Buyer;5/9/2003, Vol. 344 Issue 31632, p1
Trade Publication
The Sacramento Municipal Utility District in California will sell more than $400 million in revenue bonds on May 20, with $138 million of the proceeds earmarked for the purchase of natural gas reserves as part of a plan to diversify energy sources and hedge exposure to market volatility.The deal also includes about$ 105 million in revenue bonds for reimbursement of capital expenditures that the district already initiated to purchase ground reserves of gas in New Mexico. “Initially, this field should provide 254570360f our average daily requirement for natural gas.”


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