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Power Co-Op Gets Bond Rating Upgrade After Exiting Kemper Deal

Kemper County Coal Plant

Kemper, MS

Cooperative Energy and its 11 co-op members will see lower debt costs on $35.4 million bond;

Bailing out of its 15 percent ownership stake in Mississippi Power’s Kemper gasification plant has helped Hattiesburg-based Cooperative Energy gain a ratings upgrade on a $35.4 million bond issue.

The electric power co-op, which changed its name to Cooperative Energy from South Mississippi Electric Power Association in November, received a ratings upgrade from A- to A for its 2009 2009A Mississippi Business Finance Corporation Gulf | MORE

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