June 19, 2009

Standard & Poor’s affirms LES’ ‘AA’ rating

Standard & Poor’s Ratings Services (S&P) has affirmed its ‘AA’ long-term rating on LES’ revenue bonds and its ‘A-1+’ rating on LES’ commercial paper program. S&P’s outlook on the long-term rating is stable.

S&P said the ‘AA’ rating reflects several strengths:

• A diverse and low-cost generation portfolio;

• An economically strong and stable service area that state government and the University of Nebraska anchor; and

• Competitive rates, despite recent rate increases.

The following statistics for May were presented to the Board: