SAN FRANCISCO (Standard&Poor's) March 14, 2006--Standard&Poor's Ratings Services revised its rating outlook to stable from negative on Tucson Electric Power (TEP). Standard&Poor's also affirmed its ratings on TEP. The outlook revision was a result of financial results that, while not strong for the rating, exceeded Standard&Poor's worst-case projections. "The stable outlook reflects our expectation that stagnant consolidated cash flow metrics over the past two years resulted from one-time events and that future credit metrics will improve," Standard&Poor's credit analyst Anne Selting said. "The company's continued commitment to deleveraging the consolidated capital structure is critical to sustain TEP's ratings. We also assume that the regulatory outcomes for TEP, UNS Gas, and
