Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on Southern California Public Power Authority's subordinate transmission project revenue bonds series 2000A. The long-term component of the rating is based on an insurance policy provided by Assured Guaranty Municipal Corp., formerly known as Financial Security Assurance Inc. (AAA/Stable) and represents the likelihood that the debt service will be repaid over the life of the issues. The short-term component of the rating represents the likelihood of payment of tenders and reflects a standby bond purchase agreement (SBPA) provided by Wells Fargo Bank National Association. Effective Aug. 10, 2010, the SBPA will provide coverage for principal and 210 days of interest at the maximum rate of 12% for the purchase price of
