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Summary: Energy Northwest, Washington Bonneville Power Adminstration; Retail Electric; Wholesale Electric Mar 08

  • ID: 1826587
  • March 2008
  • Region: Washington
  • Standard & Poors
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FEATURED COMPANIES

  • Bonneville Pwr Admin
  • Energy Northwest
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' rating to the proposed $667.275 million Energy Northwest (ENW), Wash.'s series 2008-A, 2008-B and 2008-C refunding bonds and revenue bonds. The rating's outlook is stable. The bonds' debt service is payable as a Bonneville Power Administration (Bonneville) operating expense. Standard & Poor's also affirmed its 'AA-' ratings on outstanding Energy Northwest electric revenue bonds and several additional nonfederal debt obligations supported by Bonneville. The ratings assigned to the ENW and other nonfederal debt paid as a Bonneville operating expense do not constitute Bonneville's issuer credit rating and are not an assessment of Bonneville's capacity to meet federal and nonfederal obligations. Bonneville accords operating expense treatment to debt service on $6.6 billion of...

Companies mentioned in this report are:
- Bonneville Pwr Admin
- Energy Northwest

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Bonneville Pwr Admin
- Energy Northwest

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