Two CCAs Gain Credit-Rating Upgrades
California Energy Markets
Two different ratings agencies issued upgraded credit ratings for community choice aggregators MCE and Peninsula Clean Energy.
Higher credit ratings not only help the CCAs negotiate lower energy prices and provide improved credit terms when they need to purchase energy, but the upgrades also demonstrate their financial stability to energy regulators.
“The continued achievement of top investment-grade credit ratings underscores the financial strength, stability, and credibility of California’s community choice aggregators,” California Community Choice Association CEO Beth Vaughan told California Energy Markets via email. “These ratings affirm that CCAs are not only delivering affordable, clean energy to millions of Californians, but are also trusted partners in driving investment in renewable energy infrastructure and advancing the state’s climate goals.”
Read more here: Two CCAs Gain Credit-Rating Upgrades | Regional Roundup
