Fitch RatingsService has upgraded Lakeland Electric’s Rating Outlook to Positive from Stable. Fitch also affirmed the AA- rating of Lakeland Electric’s system bonds.
Lakeland Electric fared well due to many factors, including its “very low rates” - which are among the lowest in Florida – “healthy financial metrics”, and its “solid asset generation mix” provided by the utility’s own gas- and coal-fired power plants.
“We consistently have some of the most competitive electric rates in the state,” said Joel Ivy, General Manager of Lakeland Electric. “Thanks to our strong energy production fleet, like McIntosh 5 and 3, and our ability to diversify how we produce and procure power, our customers are well positioned for the future.”
Click Here to view the Fitch Press Release
P.O. Box 32006
Lakeland, FL 33802-2006
501 East Lemon Street
Lakeland, FL 33801-5079
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