2009-11-30 20:49:57 -

Fitch Ratings assigns a 'AA+/F1+' rating to the following.

--$7.485 million Development Authority of Heard County pollution control revenue bonds (OPC Wansley Project), series 2009A;

--$10.94 million Development Authority of Monroe County pollution control revenue bonds (OPC Scherer Project) series 2009A;

--$93.63 million Development Authority of Monroe County pollution control revenue bonds (OPC Scherer Project) series 2009B.

The long-term rating assigned to each series is based jointly on the underlying rating assigned to those bonds by Fitch (currently rated 'A'), and the support provided by the letter of credit (LOC) issued by JPMorgan Chase Bank, NA (rated 'AA-/F1+'). (For information about the basis of the long-term component of the rating, see the criteria report entitled 'Dual-Party Pay Criteria for Long-Term

Ratings on LOC-Supported U.S. Public Finance Bonds' dated June 11, 2009 at www.fitchratings.com : .) The short-term 'F1+' ratings are based solely on the LOCs.

The long-term rating is based on Fitch's dual-party pay criteria which considers the likelihood of the failure of both a rated obligor and a bank LOC provider. The methodology results in a rating that is up to two notches higher than the stronger of the two credits if the following conditions are met: (1) both entities have a rating of 'A' or higher; (2) the transaction is structured such that payments from both the municipal issuer and the bank are in the flow of funds and both entities would have to fail to perform before the bonds defaulted; and (3) the credit of the bank and the rated obligor have no more than a medium degree of correlation. Fitch has determined a low degree of correlation between JPMorgan Chase Bank, NA and the obligor which results in a rating of 'AA+/F1+' for the bonds. If either the underlying bond rating or the bank rating were downgraded to 'A-' or lower, the dual-party pay criteria could no longer be applied, and the long-term rating assigned to the bonds would then be adjusted to the higher of the bank rating and the underlying bond rating.

The bank is obligated to make payments of principal of and interest on the bonds upon maturity, acceleration and redemption, as well as purchase price for tendered bonds. The ratings will expire upon the earliest of: (a) Dec. 10, 2012, the initial stated expiration date of the LOCs, unless such date is extended; (b) any prior termination of the LOCs; and (c) defeasance of the bonds. The LOCs provide full and sufficient coverage of principal plus an amount equal to 45 days of interest at a maximum rate of 12% based on a year of 365 days and purchase price for tendered bonds, while in the weekly and daily rate modes. The Remarketing Agent for the bonds is J.P. Morgan Securities, Inc. The bonds are expected to be delivered on or about Dec. 10, 2009.

The bonds initially bear interest at a weekly rate, but each series may be converted to a daily, weekly, term, fixed, or commercial paper rate.

While bonds bear interest in the daily or weekly rate mode, interest payments are on the first business day of each month, commencing Jan. 4, 2010. Holders may tender their bonds on any business day, provided the remarketing agent is given the requisite prior notice of the purchase.

The bonds are subject to mandatory tender: (1) upon conversion of the interest rate; (2) upon expiration, substitution or termination of the LOC; and (3) on the second business day following receipt of written notice from the bank of an event of default under the Reimbursement Agreement, directing such mandatory tender. Optional and mandatory redemption provisions also apply to the bonds.

Bond proceeds will be used to finance or refinance the costs of an undivided interest in certain sewage or solid waste disposal facilities at the Hal B. Wansley Plant located in Heard County, Georgia and the Robert W. Scherer Plant located in Monroe County, Georgia.

Additional information is available at www.fitchratings.com : .

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS : .

IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ' WWW.FITCHRATINGS.COM : '.

PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings, New YorkJoseph Staffa, 212-908-0829orMedia
Relations:Cindy Stoller, 212-908-0526Email: cindy.stoller@fitchratings.com : mailto:cindy.stoller@fitchratings.com