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BPU Receives ‘A’ and ‘Stable Outlook’ Ratings from Fitch and S&P

BPU Receives ‘A’ and ‘Stable Outlook’ Ratings from Fitch and S&P

(KANSAS CITY, Ks.) —The Kansas City Board of Public Utilities (BPU) was recently assigned a profile/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 of Wyandotte County/Kansas City Board of Public Utilities ‘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 (e.g. solar, wind, hydropower, etc.) to help offset rising purchased power and fuel costs over time. S&P also noted that BPU is well positioned from a regulatory standpoint with nearly 50% of energy coming from renewables today, well above the state’s Renewable Energy Standard Goal of 20%.

BPU is pleased that Fitch Ratings and S&P Global Ratings continue to acknowledge the utility’s on-going 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.

About BPU

BPU’s water department was originally created in 1909, and its electric utility was operational in 1912. The purpose of the utility, then and to this day, is to provide the highest quality electric and water services at the lowest possible cost. Today the publicly owned utility serves approximately 65,000 electric and 53,000 water customers, primarily in Wyandotte County, Kansas. The mission of the utility and its employees is “to focus on the needs of our customers, to improve the quality of life in our community while promoting safe, reliable and sustainable utilities.” BPU’s Web site is www.bpu.com.



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