In addition to traditional project finance arrangements, the Colver Power Project used tax-exempt bonds from the Pennsylvania Economic Development Fund Authority marketed by Goldman, Sachs & Co. As a first, the Colver Project - while still under construction - was the first of its kind to receive investment grade rating (BBB-) by Standard & Poors (S&P) and by Fitch Investors Service. S&P confirmed its previous rating with a "positive outlook...(which) ...reflects the project's successful completion and operating performance that is exceeding initial expectations" ....


In December 1995, Inter-Power / AhlCon Partners chose to refinance the Colver Power Project under a Sale-Leaseback transaction with a subsidiary of the General Electric Company (TIFD).


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