Moody's rates Energy Northwest, Wash., bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to $667.28 million of electric revenue bonds from Washington's Energy Northwest.

The rating applies to $295.405 million of Project 1 electric revenue refunding bonds, series 2008-A; $235.275 million of Columbia Generating Station electric revenue refunding bonds, series 2008-A; $76.1 million of Project 3 electric revenue refunding bonds, series 2008-A; $5.02 million of Project 1 electric revenue refunding bonds, series 2008-B (taxable); $18.555 million of Columbia Generating Station electric revenue and refunding bonds, series 2008-B (taxable); $2.215 million of Project 3 electric revenue refunding bonds, series 2008-B (taxable); and $34.795 million of Columbia Generating Station electric revenue bonds, series 2008-C.

Pricing is expected later in March.

In addition, Moody's said it affirmed the Aaa rating on the $1,938,640,000 of outstanding Project 1 bonds, the Aaa rating on the $2,327,420,000 of outstanding Columbia Generating Station bonds and the Aaa rating on the $1,909,430,000 of outstanding Project 3 bonds.

Moody's also said it affirmed the Aaa issuer credit rating on the Bonneville Power Administration.

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