Fitch Rates FMPA All-Requirements ‘A’: Upgrades St. Lucie Project to ‘A’

New York, N.Y., March 7, 2006 – Fitch Ratings has assigned an underlying rating of ‘A+’ to FMPA’s $452 million of All-Requirements Power Supply Project revenue bonds, series 2006 A, B and C. In addition, Fitch has affirmed the ‘A+’ ratings on the outstanding debt of the All-Requirements Project, Stanton, Stanton II and Tri-City project, and upgraded the rating on the outstanding debt of the St. Lucie Project to ‘A’ from ‘A-‘. The Rating Outlook on all the ratings is Stable.

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