The rating is based on several revenue bonds totaling $51.4 million from 2002 and 2007, according to a CPW news release.
Net revenues of the combined system consisting of gas, electric, water, and wastewater utilities secure CPW’s bonds.
“We are committed to financial stewardship,” Chuck Reynolds, CFO, said in a statement. “Our customers deserve it, it’s their money, and we take our fiduciary responsibility to them very seriously.”