Puget Refis With Fall Aways March 12, 2010

--Holly Fletcher Puget Sound Energy has refinanced debt that matured last month with $325 million 30-year notes that are temporarily secured by mortgages on its gas utility. The fall away first mortgage bonds will convert to senior unsecured notes in 2025, when the 1950s-era mortgage can be replaced with a new one, says Jim Sant, assistant treasurer ...

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