Tacoma Power maintains a $100 million line of credit to support short-term borrowing that was necessary during the power crisis in 2001. However, once the final outstanding $7 million payment on the line of credit is made in December 2002, the line of credit will not be maintained. Tacoma Power has sufficient liquidity through its own cash reserves. The board's proactive response to the power crisis as evidenced by the implementation of a 50% rate surcharge for the first nine months of 2001; The adoption of a permanent rate adjustment that passed the full 2001 Bonneville Power Administration (BPA, 'AA-'/Stable) rate increase of 48% on to customers; The decision to sign a 10-year contract with Bonneville Power Administration using the
