(KANSAS CITY, Ks.) —The Kansas City Board of Public Utilities (BPU) was recently assigned a profile/rating of ‘A’ and ‘Stable Outlook’ by national rating service companies 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 (e.g. solar, wind, hydropower, etc.) to help offset rising purchased power and fuel costs over time. 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%.
BPU is pleased that Fitch Ratings and S&P Global Ratings continue to acknowledge the utility’s on-going operations and looks forward to meeting all Wyandotte County’s current and future electric and water utility needs – as it has done for more than 100 years.