| Title: | Summary: Midwest Generation LLC |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Summary |
| Abstract: | The 'BB-' corporate credit rating of Midwest Generation LLC reflects the consolidated credit quality of parent EME, while the $500 million secured revolver is rated 'BB+' given its recovery rating of '1' (90%-100% recovery), since it represents the only debt at MWG (besides the Powerton and Joliet lease obligation debt) and is secured by a first lien on all MWG assets. MWG is indirectly wholly owned by independent power producer Edison Mission Energy (BB-/Stable/--) and relies on payments from EME promissory notes to meet its lease payments on the Powerton/Joliet lease. Midwest Gen owns or leases 5,776 MW of base load, midmerit, and peaking capacity in MAIN region in and around Chicago. As of Dec. 31, 2007, $2.6 million of |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Midwest Generation LLC Publication date: ##-Apr-#### Primary Credit Analyst: Swami Venkataraman, CFA, San Francisco (#) ###-###-####; swami_venkataraman@standardandpoors.com Credit Rating: ##-/Stable/--... |
| Word Count: | 1557 |
| Issuer: | Midwest Generation LLC |
| GICS: | Independent Power Producers & Energy Traders (55105010) |
| Sector: | Global Issuers, Structured Finance, Financial Institutions, Corporations, Utilities, Asset-Backed Securities, Electric |
| Country: | United States |
| Region: | United States |
| Format: | 
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