S&P lowers Essential Power to BB-

Standard & Poor's said it lowered its rating on Essential Power LLC to BB- from BB.

The rating was removed from CreditWatch with negative implications. The 2 recovery rating on the first-lien facilities is unchanged.

The outlook is stable.

S&P said the BB- ratings reflect cash flow generation from mostly natural gas-fired assets and some hydro and kerosene-fired assets.

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