The Kansas City Board of Public Utilities (BPU) was recently assigned a profile/rating of ‘A’ and ‘Stable Outlook’ by Fitch Ratings and S&P Global Ratings.
Fitch’s rating included a stand-alone rating/profile for BPU, while simultaneously affirming a joint Unified Government of Wyandotte County/Kansas City Board of Public Utilities ‘A’ rating.
The Fitch rating and outlook recognized BPU’s low, stable operating costs, improved margins, and the utility’s diversified power mix and use of renewable energy to help offset rising purchased power and fuel costs over time, BPU said.
S&P also noted that BPU is well positioned from a regulatory standpoint with nearly 50% of energy coming from renewables today, well above the state’s Renewable Energy Standard Goal of 20%.
The publicly owned utility serves approximately 65,000 electric and 53,000 water customers, primarily in Wyandotte County, Kansas.