Standard & Poor's Affirms Midwest ISO 'A+' Credit Rating10 April 2006
Standard & Poor's Ratings Services has affirmed the rating on the Midwest Independent Transmission System Operator, Inc. (Midwest ISO) and its $80 million in senior unsecured notes due 2009 at 'A+'.
Importantly, Standard & Poor's characterized the outlook for the Midwest ISO as "stable."
"We are pleased to have our previous rating affirmed without change," said Michael P. Holstein, Vice President and Chief Financial Officer of the Midwest ISO.
The rating company's assessment is contained in a recently published article, which is available on the Midwest ISO web site at http://www.midwestmarket.org under "Recent News."
About Midwest ISO
The Midwest ISO manages one of the world's largest energy markets using security constrained economic dispatch of electricity. In addition, the organization administers Day-Ahead, Real-Time and Financial Transmission Rights markets as well as Locational Marginal Pricing at over 1,400 nodal locations. Consistent with FERC Order No. 2000 and its Midwest Markets Tariff, the Midwest ISO utilizes a market-based platform for grid congestion management. The Midwest ISO was approved as the nation's first RTO in 2001. Membership in the organization is voluntary. The Midwest ISO acts in close cooperation with the 15 states and the province of Manitoba, where it operates 98,600 miles of transmission lines. The non-profit organization was founded in 1998, is governed by an independent Board of Directors, and is headquartered in Carmel, Indiana with an operations center in St. Paul, Minnesota. Visit Midwest ISO at http://www.midwestiso.org or http://www.midwestmarket.org .
Source: prnewswire
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