The bonds are payable solely from revenues received by SCPPA pursuant to a power sales agreement (PSA) with the City of Anaheim, CA Electric System (Anaheim Public Utilities
Anaheim Public Utilities today dedicated Park Substation, the first underground electric substation in the United States.
"In building this facility, our community leaders once again challenged us to fulfill our mission to deliver the affordable and reliable power that Anaheim needs now and into the future," said Marcie Edwards, general manager for Anaheim Public Utilities. "However, in doing so, we were also reminded that success requires solutions that work in concert with our neighbors and enhance the community."
* For residential PV systems, Anaheim Public Utilities
offers an incentive of $4 a watt up to $7,000.
Triple Point Technology, Inc., Westport, Conn., a global leader in streamlining energy trading operations and providing tools that enable energy companies, utilities, and marketers to manage risks, has announced the successful deployment of its Power XL electricity transaction and risk management system at Anaheim Public Utilities Department.
The Power XL solution provides the City of Anaheim Public Utilities Department with one integrated system that can handle the demands of California's complex power market.
The ASP deployment is designed to help utilities like Anaheim Public Utilities measure, monitor, and control their power operations," said Triple Point Technology, president Peter F.
The more than 300,000 residential and 15,000 business customers of municipally-owned Anaheim Public Utilities
enjoy comprehensive on-line access to services through its Internet website.
CHANGES TO ANAHEIM'S CREDIT QUALITY: The rating is based on the credit quality of Anaheim Public Utilities' electric fund.
For more information on Fitch's rating for APU's electric system, see "Fitch Rates Anaheim Public Utilities, CA's Electric Sys Rev Bonds 'AA-'," dated Nov.