S&P Affirms BBB-Plus on $11B of California DWR Power Bonds

Saskal, Rich
March 2005
Bond Buyer;3/29/2005, Vol. 351 Issue 32099, p1
Trade Publication
Focuses on the ratings of Standard and Poor's Rating Services company on the issued revenue bonds of the California Department of Water Resources in San Francisco. Use of operating reserves to absorb mismatches between revenues and expenses; Price of the natural gas; Impact of the deregulation scheme on the earnings of various firms.


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