NEW YORK (Standard&Poor's) Jan. 11, 2010--Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to Orlando Utility Commission (OUC or the commission), Fla.'s $200 million utility system revenue bonds (federally taxable), series 2010A. We expect the utility to sell the bonds as Build America Bonds (BABs). Standard&Poor's also affirmed its 'AA' long-term and underlying ratings on parity debt obligations outstanding. The outlook is stable. "The ratings reflect what we believe to be consistently strong financial performance, substantial cash reserves, rates that are below average compared with most of the Florida's investor-owned utilities and comparably sized municipal utilities, what we view as a diverse power supply mix, and a service area that we believe has
