Provider of electrical power supply contracts in the United States. The company is a special-purpose entity created to sell electric energy and capacity to PSE&G under a long-term 15-year PPA. UCF purchases the energy and capacity from MSCG, a wholly owned subsidiary of Morgan Stanley, under a mirror PPA with substantially similar terms. The PPA price of sales to PSE&G is higher than the PPA cost of purchases from MSCG, providing positive cash flow to pay debt service. Both PPAs are structured to allow for payment of liquidated damages in lieu of delivering energy or capacity. Morgan Stanley has guaranteed MSCG's payment obligations under the mirror PPA.