Nashville, Tenn. – Standard & Poor’s affirmed Nashville Electric Service’s (NES) high bond rating and stable outlook giving the utility an “AA” rating.
NES President & CEO Decosta Jenkins says that he is “gratified that this respected rating agency expresses such a high level of confidence in our ability to succeed. Our commitment is to deliver the highest level of customer service and reliability at the lowest reasonable price.”
Standard and Poor’s specifically cited NES’ competitive rates, moderately priced power, good debt service coverage, and low fixed costs as the rationale for the “AA” rating.
“NES is committed to our community’s economic stability and growth,” Jenkins says. “We understand the important role we play in our city, and we will continue to work hard to provide reliable electric service at a reasonable price to the homes and businesses we serve.”
This high bond rating is in line with other recognitions awarded to Nashville Electric Service. NES also has an APPA Reliable Public Power Provider (RP3) designation.
The APPA Reliable Public Power Provider designation recognizes public power utilities that demonstrate proficiency in four key disciplines: reliability, safety, training and system improvement.