Issues have pushed back some hydro work for AMP

摘要

Editor's Note:This content was originally featured on GenerationHub. com, a sister site of HydroWorld.com that covers power generation. Fitch Ratings on Nov. 21 said it has affirmed the 'A' rating on bonds that support three American Municipal Power Inc. (AMP) projects on the Ohio River. The Rating Outlook is Stable, Fitch noted. The bonds are secured by the trust estate, which will include all gross receipts (primarily payments made by the participants under power sales contracts), as well as other rights under the power sales contracts and transactional documents. This project consists of three run-of-the-river facilities aggregating 208 MW, located at U.S. Army Corps of Engineers dams. Once complete, the Cannelton, Smithland and Willow Island plants are expected to provide power supply that is expensive ($114/MWh) over the near term but environmentally-friendly.