Fitch Ratings upgraded the Missouri Joint Municipal Electric Utility Commission revenue bonds issued for the controversial coal-fired Prairie State Energy project one notch to A now that the plant is fully operational.

The upgrade affects $554 million from a 2007 issue, $206 million from a 2009 issue and $78 million from a 2010 issue. The bonds are secured by the utility’s interest in the project. Net revenues primarily come from unconditional, take-or-pay power purchase agreements with its seven local power purchasers and from funds collected from its Missouri Public Energy Pool #1.

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