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JEA, FL, Electric System Revenue Bonds Series 3 2010D&E Rated 'AA-'; Subordinate Revenue Bonds 2010C-E Rated 'A+' Sep 10 Product Image

JEA, FL, Electric System Revenue Bonds Series 3 2010D&E Rated 'AA-'; Subordinate Revenue Bonds 2010C-E Rated 'A+' Sep 10

  • Published: September 2010
  • Standard & Poors

FEATURED COMPANIES

Abstract
NEW YORK (Standard & Poor's) Sept. 22, 2010--Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating to JEA, Fla.'s proposed $254 million electric system revenue bonds, series 3 2010D and E; and its 'A+' rating to the utility's $77 million electric system subordinated revenue bonds series 2010C, D, and E. At the same time, Standard & Poor's affirmed its 'AA-' ratings on JEA's senior-lien electric system revenue bonds, its 'AA-' ratings on the St. Johns River Power Park (SJRPP) and Bulk Power Supply System bonds that the utility pays as operating expenses, and its 'A+' ratings on the subordinate-lien electric system revenue bonds. The outlook is stable. "We believe supporting the ratings are rate adjustments that maintained healthy...

Companies mentioned in this report are:
- JEA

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

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