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Bonneville Power Administration (Nuclear Projects 1, 2, 3) Bond Outlook Changed to Stable Jan 01
Standard & Poors, Jan 2001
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) Jan. 30, 2001--Standard & Poor's today changed its outlook to stable from positive on $3.47 billion of outstanding revenue bonds issued by Washington Public Power Supply System for nuclear projects 1, 2, and 3. The bonds are supported by the Bonneville Power Administration (BPA). The double-'A'-minus rating on the bonds is affirmed. The outlook revision reflects Standard & Poor's overall concern regarding the recent escalation of wholesale power prices in Western markets and possible economic implications in markets served by BPA. BPA's announcement on Jan. 25, 2001, that it would need wholesale rate increases averaging 60% over the next five years, with up to 90%-100% in the first year, given current market power prices,...
Companies mentioned in this report are: Bonneville Pwr Admin,Energy Northwest
Action: Outlook Revised
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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