TITLE

Electric Debt Upgrade

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Moody's Investors Service Inc. has upgraded to Aa2 from Aa3 its rating on Rochester Electric Utility's $45 million of debt sold in 2000 and 2002. Rochester Electric Utility has shown a strong financing performance, good liquidity, and the diminished threat of retail deregulation. The Utility will participate in CapX 2020, a regional effort to build transmission lines in Minnesota. It will help the Utility to address the forecast of transmission constraints by 2012.
ACCESSION #
21024749

 

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