S&P doubts credit ratings will improve soon for SoCal

HOUSTON, Apr. 11, 2001– Standard & Poor’s will maintain a “junk” bond rating on Southern California Edison Co. until California Gov. Gray Davis’s proposed multibillion dollar rescue package for the utility becomes definitive, the credit ratings agency said.

FORT WORTH, Texas, April 12, 2001 – Texas-New Mexico Power Company’s announced sale of its generating facility, TNP One, has resulted in a significant response from prospective buyers, according to company officials.

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