About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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KBRA Assigns AA Rating and Stable Outlook to the Anaheim Housing and Public Improvements Authority's Series 2025-A and 2025-B Revenue/Revenue Refunding Bonds Issued on Behalf of City of Anaheim's Electric Utility System

KBRA assigns a AA long-term rating with a Stable Outlook to the Anaheim Housing and Public Improvements Authority's ("AHPIA") Revenue Bonds, Series 2025-A (Electric Utility Distribution System Improvements) and the Revenue Refunding Bonds, Series 2025-B (Electric Utility Distribution System Refunding), collectively the "Bonds". The Bonds are being issued by AHPIA on behalf of the City of Anaheim's (the "City") electric distribution system (the "Electric System") to pay for a portion of capital expenditures (via the Series 2025-A bond proceeds); and economically refund outstanding parity debt obligations (Series 2025-B bond proceeds).

Key Credit Considerations

The rating was assigned because of the following key credit considerations:

Credit Positives

  • Electric System's consistently solid financial performance, with strong liquidity and debt service coverage, underpinned by favorable rate mechanisms to recover purchased power supply and environmental mitigation costs.
  • Competitive, affordable retail rates relative to the State average, providing rate and financial flexibility.
  • While portions of the service territory are exposed to wildfire risk, the Electric System anticipates 100% of the overhead lines in the highest wildfire risk areas to be undergrounded over the next year.

Credit Challenges

  • Moderately high leverage, as measured by long-term debt to net utility assets (64.3% for FYE 2024).
  • Tax base concentration in the leisure/hospitality industries, subjecting the City to greater economic volatility.
  • Maintenance of competitive and affordable rates while managing an evolving power supply portfolio that complies with the State’s longer-term renewable targets.

Rating Sensitivities

For Upgrade

  • Consistent financial performance above historical levels and/or improving leverage.
  • Solidifying renewable additions through 2030, while maintaining rate competitiveness and affordability.

For Downgrade

  • Pressured customer rates, financial performance and/or leverage resulting from the evolving power supply position in response to State mandates.
  • Sustained decline in tourism that limits the Electric System’s financial flexibility.

To access ratings and relevant documents, click here.

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1010892

Contacts

Analytical Contacts

Lina Santoro, Director (Lead Analyst)

+1 646-731-1419

lina.santoro@kbra.com

Joanne Ferrigan, Senior Director

+1 646-731-1455

joanne.ferrigan@kbra.com

Douglas Kilcommons, Managing Director

+1 646-731-3341

douglas.kilcommons@kbra.com

Douglas Kilcommons, Managing Director (Rating Committee Chair)

+1 646-731-3341

douglas.kilcommons@kbra.com

Business Development Contacts

James Kissane, Senior Director

+1 646-731-2380

james.kissane@kbra.com

William Baneky, Managing Director

+1 646-731-2409

william.baneky@kbra.com

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