Standard&Poor's Ratings Services assigned its 'AA' rating to Orlando Utilities Commission (OUC), Fla.'s series 2008 utility system revenue refunding bonds. The 'AA' rating reflects OUC's: Consistently strong financial performance, with coverage of debt service, transfers and fixed charges at levels that are considered solid even in consideration of OUC's strong rating; Substantial cash reserves, with well-defined policies governing their use; Competitive rates; Diverse power supply mix, with ownership interest in fossil steam, combustion turbine, and nuclear plants, as well as the use of purchased power contracts; Strong and stable service area economy; and Proactive management team, which has sought to position the commission to effectively compete in the evolving electric marketplace under a supportive regulatory environment. These strengths
