The North Carolina Eastern Municipal Power Agency has received a credit rating upgrade from Fitch Ratings, moving from “A” to “A+” with a Stable Outlook.
According to Fitch Ratings’ announcement, the upgrade reflects NCEMPA’s consistently strong financial performance, its low operating costs, the diversified power supplied through its full-requirements contract with Duke Energy Progress, the final repayment of the agency’s revenue bonds, and the credit quality of its largest members.
NCEMPA is one of ElectriCities' two power agencies.
“This upgrade underscores NCEMPA’s commitment to financial stability and long-term value for its 32 member communities,” said Scott Jones, ElectriCities Chief Financial Officer. “It also positions the agency—and public power in North Carolina—for a stronger future.”
