|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Missouri Joint Municipal Electric Utility Commission's Plum Point Bond Rating Unaffected By Kennett Move Jun 11
Standard & Poors, June 2011
Abstract
DALLAS (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services said today there will likely be no credit impact from the city of Kennett, Mo.'s assignment of its 20-megawatt (MW) capacity allocation of the Plum Point Energy Station back to the Missouri Joint Municipal Electric Utility Commission (MJMEUC). MJMEUC, a joint action agency, issued revenue bonds to finance its 147-MW share of the Plum Point Energy Station, a coal-fired power plant that in late 2010 became commercially operational in southeastern Arkansas. We currently rate MJMEUC's Plum Point-related revenue bonds 'BBB' with a stable outlook. MJMEUC's bonds are secured by a unit power purchase agreement between MJMEUC and seven participant cities, including Kennett. MJMEUC management intends to use Kennett's assigned...
Companies mentioned in this report are: Missouri Joint Mun Elec Util Comm,Plum Point Energy Associates LLC
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
