ALAMEDA, Calif. — Public power utilities in the Pacific Northwest face unique credit risks by virtue of their heavy reliance on hydroelectric power, but are managing them appropriately, according to a report released last week by Fitch Ratings.

Fitch recently upgraded 40% of public power retail systems in the Pacific Northwest region, noting that they are likely to suffer less from future carbon taxes and regulation than utilities that are more dependent on fossil fuels.

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