Moody’s Upgrades Investment Grade Credit Rating for Silicon Valley Clean Energy

Public Power Current

Moody’s Investors Service in late July upgraded its investment grade credit rating to Baa1 for Silicon Valley Clean Energy, a California community choice aggregator.

Moody’s issuer rating is an independent assessment of SVCE’s financial strength over the long term and acknowledges the agency’s economic stability and diverse renewable energy portfolio, the CCA said.

“Receiving a higher credit rating from Moody’s is an additional sign that the Community Choice Energy model is strong and sound,” said George Tyson, SVCE Board Chair and Town of Los Altos Hills, Calif., Councilmember. “SVCE takes its financial responsibilities seriously so that we can reliably serve our customers and community with clean energy while maintaining stable rates and offering innovative services.

Read more here: Moody’s Upgrades Investment Grade Credit Rating for Silicon Valley Clean Energy | American Public Power Association