 Moodys Investors Service, Moodys has upgraded Panoche Energy Center, LLCs Panoche or the Project senior secured notes to B1 from B3 and revised the projects outlook to stable. The upgrade of Panoches senior secured bonds to B1 from B3 reflects the recent emergence of Pacific Gas Electric Company PGE; and its parent, PGE; Corporation Ba2stable; Corporate Family Rating from bankruptcy, which follows the bankruptcy court approval of its Plan of Reorganization POR and the approval by the California Public Utility Commission CPUC. 