LOS ANGELES -- The executive board of the Washington Public Power Supply System plans to meet Thursday for the final review of a preliminary official statement for an advance refunding issue of as much as $450 million in mid-September.

The proposed refinancing involves WPPSS nuclear power projects 1,2, and 3 bonds. WPPSS officials expect to size the deal from $400 million to $450 million, depending "on what interest rates do" in the coming weeks, noted James D. Perko, the supply system's chief financial officer.

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