TCPUD Receives ‘A+’ Credit Rating from S&P, Supporting Critical Infrastructure Investment

TAHOE CITY, Calif. - Tahoe City Public Utility District Public Finance Authority ("Authority") has received an 'A+' long-term credit rating with a stable outlook from S&P Global Ratings on its Water Revenue Bonds, Series 2026A. The Authority assists Tahoe City Public Utility District (TCPUD) in financing capital projects. The rating reflects TCPUD's strong financial position and commitment to responsible, long-term financial planning.

This independent rating is an important factor in TCPUD's ability to secure favorable financing for major infrastructure projects, including $7 million in water revenue bonds to support the Madden Creek Water System Reconstruction Project. When complete, this crucial project will improve reliability, strengthen fire protection, and provide a more resilient water supply for the community.

"A strong credit rating is the result of years of disciplined planning and careful financial management," said TCPUD General Manager Sean Barclay. "It allows us to invest in critical infrastructure in a way that is cost-effective and responsible to our customers."

Credit ratings influence the interest rates public agencies receive when issuing bonds. The Authority's 'A+' rating helps TCPUD lower borrowing costs, ensuring more funding can go directly towards infrastructure improvements rather than paying interest expense.

S&P Global Ratings cited several key strengths supporting the Authority's rating, including:

• The current financial strength of TCPUD capable of absorbing rising debt service over time
• Long-term capital and financial planning that strengthens budget predictability, and liquidity targets
• Additional financial support through property tax allocations from the General Fund
• Capital planning that proactively addresses near-term infrastructure and physical risks

S&P also assigned a stable outlook, indicating confidence in TCPUD's ability to maintain its financial performance over time.

TCPUD's financial approach is guided by its Strategic Plan and long-term financial modeling, which prioritize maintaining critical infrastructure while minimizing impacts to ratepayers. TCPUD also actively pursues grants and low-interest financing to further reduce costs to the community.

For more information about TCPUD's finances and long-term planning, visit www.tcpud.org/finance.

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Tahoe City Public Utility District provides water, sewer, parks, and recreation services within its 31-square mile service area. The District's boundaries lie within Placer and El Dorado Counties, extending from Emerald Bay to Dollar Hill and along the Truckee River to the Nevada County line. For additional information, call Aaron Hussmann at 530.580.6291 or email.