Moody௿½s won௿½t downgrade ratings on California utilities yet

The companies have accumulated over $8 billion in debt in unrecovered power expenses in California. The investor owned utility holding companies were also under a threat last week that Standard & Poor௿½s would downgrade their ratings to ௿½junk௿½ bond status pending action by the California Public Utility Commission.

Dec. 22, 2000–High wholesale electricity prices in the Pacific Northwest have caused investor-owned utilities to rethink customer rates at a time the market is plagued by short supply and spiking prices.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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