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Lodi Electric Utility gets upgraded bond rating

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Posted: Saturday, December 11, 2010 12:00 am | Updated: 5:47 am, Sat Dec 11, 2010.

For the third time since August 2007, Lodi Electric Utility's debt has received an upgrade in its bond grading from Fitch Rating. Lodi Utility received an A- rating, up from BBB+. Lodi Electric Utility was rated A- from July 1999 to October 2002 before it received a series of downgrades during the state's energy crisis.

The financial industry grades bonds on a letter scale with A ratings at the top and B and C grades lower. Standard & Poor's and Moody's have also recently given the utility an A rating.

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1 comment:

  • Doug Chaney posted at 3:56 pm on Sat, Dec 11, 2010.

    Doug Chaney Posts: 1232

    That upgraded bond rating only means one thing: higher rates from Larry Hansen, chair of the board of the NCPA, Ms. Kirkle, Lodi electric utility director, the 3 amigos, Hansen, Johnson and Katzakian, city council members and the Northern Ca. Power Assn. themselves. If we'll get power for .05 kwh, will we still be paying .145 kwh as most residential users are now? Thank you Larry Hansen.



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