SAN FRANCISCO (Standard&Poor's) Nov. 7, 2002--Standard&Poor's Ratings Services said today that it revised its outlook to stable from negative on Tacoma, Wash.'s (Tacoma Power) single-'A'-plus rating on its $329.42 million in electric system bonds. The outlook was revised due to the rapid recovery from financial challenges associated with the Western Power crisis because of swift management action. "The 50% rate surcharge for the first nine months of 2001 has allowed the utility to repay all but $7 million of its $35 million financing used to cover liquidity needs associated with the sharply higher purchased-power costs of the Western power crisis," said credit analyst Kathryn Mock Masterson. She added that Tacoma Power's resource supply is still concentrated
