...March 8, 2021 NEW YORK (S&P Global Ratings) March 8, 2021--S&P Global Ratings assigned its '##' long-term ratings to the Orlando Utilities Commission (OUC), Fla.'s utility system revenue bonds, series 2021A, B, and C. At the same time, we affirmed our '##' long-term rating and underlying rating (SPUR) on OUC's parity debt obligations outstanding and our 'A-1+' short-term ratings on specific variable-rate obligations of the commission. "The rating reflects our opinion of the system's very strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Jeffrey Panger. The outlook on all ratings is stable. OUC faces environmental risks related to potential regulation of carbon emissions from its stakes in the coal-fired units (38% of energy in 2020) co-owned with the City of Lakeland, Fla., Stanton Units 1 & 2 and McIntosh Unit 3. We expect this risk to lessen (yet still remain), as McIntosh Unit 3 is expected begin decommissioning March 31, 2021. OUC's gas-fired units...
