Standard&Poor's Ratings Services assigned its 'A+' standard long-term rating, and stable outlook, to Austin, Texas' series 2007 electric system revenue refunding bonds and affirmed its 'A+' Standard&Poor's underlying rating (SPUR), with a stable outlook, on the city's separate-lien electric utility system revenue bonds. Austin is doing business as Austin Energy. The ratings continue to reflect the system's general creditworthiness, including its: Diversified generation resource mix that consists of coal and efficient nuclear for base load with the addition of a combined cycle unit in 2004, paid for with cash, that has allowed the city to retire older, less-efficient units; Competitive rates with a separate cost-recovery component that allows Austin Energy to true-up in case of high
