Famous Quotes from ...

Peter Murphy



    Lodi needs to rebuild its electric system's financial reserves to ensure system stability during volatile periods in the power market, which it expects to do steadily over a long time horizon by increasing annual net surpluses and fixed charge coverage. If the city achieves its financial plan while at the same time reducing operational risks going forward, the outlook will be revised to stable. Should the city fail to rebuild reserves or increase coverage of fixed charges, or should it experience any other unexpected adverse developments of a financial nature, the rating will be lowered.

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