Standard & Poor’s raise rating based on strong financial performance
The rating increase can lead to lower cost financing should the ISO issue debt in the future.
“The California ISO management and employees have a strong sense of responsibility to contain costs and conduct our business efficiently and productively,” said
Among its rationale, the credit ratings agency noted in its review that the ISO has a straightforward business cost structure and its operating reserve is fully funded. Also weighing positively on S&P’s rating increase is that the ISO plays an essential and unique role in operating the grid, which, the rating agency says, it “has performed well and consistently over many years.”
California ISO Media Hotline | 888.516.6397
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The California ISO provides open and non-discriminatory access to
one of the largest power grids in the world. The vast network of
high-voltage transmission power lines is supported by a
competitive energy market and comprehensive grid planning.
Partnering with about a hundred clients, the nonprofit public
benefit corporation is dedicated to the continual development and
reliable operation of a modern grid that operates for the benefit
of consumers. Recognizing the importance of the global climate
challenge, the ISO is at the forefront of integrating renewable
power and advanced technologies that will help meet a sustainable
energy future efficiently and cleanly.
Media Hotline, 888-516-6397
Source: California ISO