- Language: English
- Published: June 2012
Research Update: LSP Batesville Funding Corp. Aug 04
- Published: August 2004
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on LSP Batesville Funding Corp./LSP Energy L.P.'s (LSP Batesville) $326 million senior secured bonds to 'B-' from 'CCC+'. The outlook is negative. The rating action follows the upgrade of Aquila Inc.'s credit rating to 'B-' from 'CCC+'; Aquila's rating outlook is also negative. Aquila is the off-taker of the project's capacity and electricity from the plant's Unit 3 for one-third (279 MW nominally) of its total output pursuant to a power purchase agreement (PPA), and the project relies on payments from Aquila to service its debt. The project also has a PPA with Virginia Electric & Power Co. (VEPCO; A-/Stable/A-2) for the remaining two-thirds (570 MW) of its capacity and energy. In...
Companies mentioned in this report are: LSP Batesville Funding Corp.,ANR Pipeline Co.,Texas Gas Transmission LLC,Virginia Electric & Power Co.,KCP&L Greater Missouri Operations Co.,Tennessee Gas Pipeline Co.,NRG Energy Inc.
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Product Type: Research Update
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LSP Batesville Funding Corp.,ANR Pipeline Co.,Texas Gas Transmission LLC,Virginia Electric & Power Co.,KCP&L Greater Missouri Operations Co.,Tennessee Gas Pipeline Co.,NRG Energy Inc.