FLEXIBLE EXCESS POWER: The addition of the JTEC Unit 2 positions the utility to manage future load growth and changes in environmental legislation.
Financial metrics are healthy and have been stable throughout the past several years despite the effects of the economic downturn, unusual weather patterns, and the funding of the JTEC Unit 2 power station project.
The utility is expected to be long on power for the next several years with the completion of JTEC Unit 2.
Fitch believes that the utility will be able to leverage the JTEC station's generation to meet future load growth, summer peaks and more easily meet potential changes in environmental legislation.
The addition of the newly constructed pollution controlled JTEC Unit 2 positions the utility to manage future load growth and changes in environmental legislation.
Completion of JTEC Unit 2: The unit was commissioned in January 2011 and performance testing was completed in June.
The electric department has a total net generating capacity of 1,060 megawatts (MW) which includes the new 300 MW JTEC Unit 2, and consists of coal fired generators and natural gas combustion turbines.