Calif. Muni Utilities Insulated Against IOU Woes, Raters Say

Finestone, Deborah
December 2000
Bond Buyer;12/26/2000, Vol. 334 Issue 31044, p1
Trade Publication
Reports that California municipal utilities were not expected to face credit woes even if the state Independent System Operator orders them to continue selling power to cash-strapped investor-owned utilities. Possibility of a slowing down of growth of the utilities' cash buffers; Exposure of utilities to the wholesale power market and the potential liquidity problems at investor-owned utilities.


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