S&P cuts outlook on Central Plains Energy to negative

Standard & Poor's said it lowered the outlook to negative from stable on Central Plains Energy Project's $240.2 million of fixed-rate gas project revenue bonds series 2007A and $288.8 million of index-rate gas project revenue bonds, series 2007B.

S&P also said it affirmed the AA- senior secured debt ratings on the bonds.

Central Plains sells gas to the Omaha Metropolitan Utilities District and the Municipal Gas Utility of the City of Cedar Falls, Iowa.

The outlook revision reflects the revision of the outlook of Goldman Sachs Group Inc., which guarantees the obligations of J. Aron & Co., Central Plains' gas supplier.

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