Standard&Poor's Ratings Services raised its rating to 'AA-/A-1+' from 'AA-/A-1' on Southern California Public Power Authority's transmission project revenue subordinate refunding bonds series 2001A. The long-term component of the rating is based on an insurance policy provided by Assured Guaranty Municipal Corp.(AA-/Stable) and reflects our opinion of the likelihood that the debt service will be repaid over the life of the issue. The short-term component of the rating reflect our opinion of the likelihood of payment of tenders as well as a standby bond purchase agreement (SBPA) provided by Wells Fargo Bank, NA (A-1+). Effective Oct. 3, 2012, the SBPA will provide coverage for principal and 210 days of interest at the maximum rate of 12% for the
