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Lower Colorado River Authority Transmission Services Corp. (TSC) Series 2021A Fitch Rating

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September 29, 2021

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The 'A+' rating reflects the financial profile of TSC and the regulatory framework for transmission providers in the Electric Reliability Council of Texas (ERCOT) market, in which TSC operates. TSC builds, operates and maintains transmission assets across ERCOT, including in areas outside its traditional wholesale power service territory.