Summary: Chelan Cnty Pub Util Dist No 1, WA; Utility, Retail Electric Feb 01
- ID: 1793368
- February 2001
- Standard & Poors
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 and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >