Standard and Poor's Rating Services affirmed its A-plus rating with a stable outlook on Benton PUD's electric revenue bonds.
Standard and Poor's attributed the high rating to the public utility district's competitive rates, modest capital needs, adequate reserves and conservative budgeting practices, plus a stable economy.
Standard and Poor's said that Benton PUD's strong business profile is due to its autonomy in setting rates and a supply of hydropower.
Benton PUD continues to increase customers at a rate of 1 percent to 2 percent a year and has had moderate load growth over the last five years.
Taking into account conservation efforts, future account growth is forecast to be 0.6 percent per year through 2018.
Standard and Poor's stable outlook finding reflects the PUD's practice of prudent and timely rate increases, conservative budgeting practices and prudent reserve policies, which the rating service said will provide for continued strong financial performance.
The report is available at BentonPUD.org.