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TrAILCo completion and recapitalisation improves debt outlook
12 January 2012
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[firstenergy]
[allegheny]
[trailco]
FirstEnergy's Trans-Allegheny Interstate Line Company could be a candidate for a possible bond refinancing after reaching completion and receiving an equity recapitalisation. In the second quarter of 2011, FirstEnergy contributed $300 million in equity to pay down draws on an existing $350 million revolving credit. That contribution came as the project entered operations,...
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