Research And Markets Research And Markets

Summary: Chelan Cnty Pub Util Dist No 1, WA; Utility, Retail Electric Feb 01

  • ID: 1793368
  • February 2001
  • Standard & Poors
1 of 3

The ratings on Chelan County Public Utility District No. 1, Wash.'s bonds reflect: Very low production costs at the district's three hydroelectric projects, averaging 10.7 mills per kWh in 2000; The distribution system's strong revenues resulting from the sale of excess power at prevailing market rates, reflected in projected 10 times (x) debt service coverage from operations in 2000; Residential retail rates of 30 mills per kWh in 2000, which remain among the lowest in the country; Management's proactive action to reduce the district's already limited exposure to market purchases through the acquisition of 21 diesel peaking units; and Continued strong historical debt service coverage on all outstanding obligations. The bonds are secured by revenues of the consolidated system, which...

Companies mentioned in this report are:
- Chelan Cnty Pub Util Dist #1

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Chelan Cnty Pub Util Dist #1

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown