Net revenues exclude revenues received by MJMEUC
pledged to projects under separate indentures, i.e.
JOINT ACTION AGENCY: MJMEUC is a joint action agency comprising 70 municipally owned, retail electric systems located across the state of Missouri.
The three largest UPPs, representing about half of MJMEUC's project ownership, each exhibit good cash flow metrics, solid system equity, and healthy liquidity.
MJMEUC further enhances project liquidity by billing all participants 30 days in advance.
The MoPEP 1 resource base includes entitlements in MJMEUC's Prairie State (86MW), Plum Point (20MW), and Iatan 2 (30MW) coal-fired generating projects.
In addition, MJMEUC is studying adding additional natural gas resources to meet projected needs following the expiration of certain purchase power agreements around the 2020 timeframe.
These include an indenture requirement to generate at least 1.1x coverage of debt service and MJMEUC's practice of billing one month in advance.
MJMEUC's 30-day advanced billing further enhances project financials.
In addition to the Plum Point Project, MJMEUC owns interests in the Iatan 2 project, Prairie State Energy Campus (195MW), and Dogwood combined cycle plant (50MW) projects, as well as exclusive ownership of the Fredericktown peaking plant.
Poplar Bluff and Osceola, the second- and third-largest UPPs (each with 13.6% of MJMEUC's Plum Point project capacity), have recorded some improvement in their financial profiles.
JOINT ACTION AGENCY: MJMEUC is a joint action agency comprised of 70 municipally-owned, retail electric systems located across the state of Missouri.
The MoPEP 1 resource base includes entitlements in MJMEUC's Prairie State (82W), Plum Point (20MW), and Iatan 2 (30MW) coal-fired generating projects.