Fitch upgrades SCPPA’s wind project bonds to ‘AA’

By Michelle Froese Fitch Ratings has upgraded the rating to ‘AA’ from ‘AA-‘ on the following bonds issued by the Southern California Public Power Authority (SCPPA), CA:

The three wind projects that provide renewable energy to LADWP are operating in Utah and Washington, and are essential to meeting California’s renewable portfolio standard.
$125.5 million (Milford Wind Corridor Phase II Project) revenue bonds series 2011-1;
$114.0 million (Linden Wind Energy Project) revenue bonds series 2010A and 2010B;
$386.2 million (Windy Point/Windy Flats Project) revenue bonds series 2010-1).
The Rating Outlook has been revised to Stable from Positive.
SecurityThe SCPPA bonds are payable solely from revenues received from the two members

Read Full Article Here

For more great articles: Windpower Engineering & Development

(Visited 12 times, 1 visits today)

Comments

comments



© 2014 RenewaNews