The Kansas City, Kansas, Board of Public Utilities recently was assigned a rating of “A” and “stable outlook” by national rating service companies Fitch Ratings and S&P Global Ratings.
Fitch’s rating included a stand-alone rating-profile for BPU, while simultaneously affirming a joint Unified Government – BPU “A” rating.
The Fitch rating and outlook recognized BPU’s low, stable operating costs, improved margins and the utility’s diversified power mix and use of renewable energy, such as solar, wind, and hydropower, to help offset rising purchased power and fuel costs over time.
S&P also noted the BPU is well positioned from a regulatory standpoint, with nearly 50 percent of energy coming from renewables today, well above the state’s renewable energy standard goal of 20 percent.
A BPU spokesman stated that Fitch Ratings and S&P Global Ratings continue to acknowledge the utility’s ongoing operations and looks forward to meeting all Wyandotte County’s current and future electric and water utility needs, as it has done for more than 100 years.
- Story from BPU