Posts tagged with Standard & Poor's Archives - Powerlines

Seattle City Light Sells $265M in Bonds, Customers Benefit

Seattle City Light successfully sold $265 million of bonds on Wed., Oct 22, 2014. A portion of the proceeds will be used to refinance existing bonds at a lower interest rate, saving $7.2 million annually for City Light customers.

Standard & Poor’s Affirms City Light Bond Rating

Mayor Mike McGinn announced today that Standard & Poor’s (S&P) has affirmed Seattle City Light’s bond rating as AA- and a stable outlook. This rating is good news for ratepayers and independent validation that City Light is in good financial condition.