Summary: Southern California Public Power Authority; Wholesale Electric

Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to the Southern California Public Power Authority's (SCPPA, or the authority) $85 million series 2015A subordinate transmission project revenue refunding bonds and $30 million series 2015B taxable subordinate transmission project revenue refunding bonds (Southern Transmission System, or STS, project). In addition, we affirmed our 'AA-' long-term rating and underlying rating (SPUR) on the authority's previously issued subordinated transmission project revenue bonds. At the same time, we affirmed our 'AA/A-1+' long-term rating and 'AA-' SPUR on the authority's series 2000A and 2001A subordinate transmission project revenue refunding bonds. The long-term component of the rating is based on a bond insurance policy provided by Assured Guaranty Municipal Corp. The short-term component of

...Standard & Poor's Ratings Services assigned its '##-' long-term rating to the Southern California Public Power Authority's (SCPPA, or the authority) $85 million series 2015A subordinate transmission project revenue refunding bonds and $30 million series 2015B taxable subordinate transmission project revenue refunding bonds (Southern Transmission System, or STS, project). In addition, we affirmed our '##-' long-term rating and underlying rating (SPUR) on the authority's previously issued subordinated transmission project revenue bonds. At the same time, we affirmed our '##/A-1+' long-term rating and '##-' SPUR on the authority's series 2000A and 2001A subordinate transmission project revenue refunding bonds. The long-term component of the rating is based on a bond insurance policy provided by Assured Guaranty Municipal Corp. The short-term component of the rating is based on our view of a liquidity facility provided by Wells Fargo Bank National Assn. The outlook is stable. The '##-' uninsured...

Summary