Fitch Rates North Carolina East Muni Power Agency Series 2015 Taxable Revs 'A'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to the approximately $495 million of North Carolina Eastern Municipal Power Agency (the agency or NCEMPA) revenue bonds, series 2015 (taxable). The bonds are scheduled to price the week of June 22, 2015. Proceeds will be used, together with other available funds, to defease all outstanding power system revenue bonds. Other available funds will include proceeds from the sale of NCEMPA's generating assets to Duke Energy Progress,

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