DWP refinances $1.25 billion in power bonds

Ahead of the Tuesday sale, the largest tax-exempt bond sale this year, Moody’s Investors Service affirmed its Aa3 rating on the DWP power bonds. Standard & Poor’s and Fitch assigned A+ ratings with a positive outlook. The DWP, the nation’s largest municipal utility, is among the highest-rated utilities in California.

FORT MACLEOD, AB, March 6, 2001 (CNW) — Altek Power Corp., has announced that a memorandum of understanding and an offer to purchase, have been executed between the Town of Fort Macleod and Independent Power Corp. The agreement is subject to regulatory approval.

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