Fitch affirms East Coast Power

Fitch Ratings said it affirmed the BBB rating on East Coast Power, LLC's $236 million ($26.7 million outstanding) senior secured notes due March 2012 and $318 million ($179.2 million outstanding) senior secured notes due June 2017.

The outlook is stable.

The company's cash flows are derived from two purchase price agreements with investment-grade counterparties for the majority of capacity, power and steam output, according to the agency.

Ratings reflects strong operating cost profile, solid operating performance and consistent financial performance, the agency said.

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