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Article: Fitch Rates AMP $479.17MM Prairie State Project Revenue Bonds 'A'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- September 28, 2009
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NEW YORK -- Fitch Ratings assigns a rating of 'A' to the $479.17 million American Municipal Power (AMP, formerly AMP-Ohio), Prairie State Energy Campus (PSEC) project revenue bonds series 2009B, 2009C, and 2009D. This transaction will serve to substantially complete financing for AMP's 368 megawatt (MW) share of the Prairie State Energy Campus 1682MW coal-fired plant. Bond proceeds will also be used to deposit funds to the debt service reserve account (known as the Parity Common Reserve Account) and pay the cost of issuance.
The three series of bonds include:
--2009B, taxable $81.17 million 'A';
--2009C Build America Bonds $398.072 million 'A'; ...