Public Power's Stability

Ferris, Craig T.
December 2004
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p1
Trade Publication
The article reports that municipal market analysts expect the vast majority of municipal electric utilities to maintain a steady-as-she-goes course and continue to sail through relatively calm seas again in 2005. The credit worthiness of the public power sector was stable again in 2004 and is very likely to remain that way next year, analysts and market participants said in recent interviews. While a few downgrades next 12 months, public power sector's credit ratings should largely maintain an even keel. Continued fuel price volatility, the deregulated wholesale power market, and the pending federal energy bill standout as the primary risks on the sector's horizon.


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