Brilliant Power Corporation: Rating Report

On January 19, 2021, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Series A Bonds, Series B Bonds, and Series C Bonds (collectively, the Project Bonds) ratings of Brilliant Power Corporation (BPC) at A (high) with Stable trends. All three tranches of the Project Bonds will fully amortize by the maturity date of May 31, 2026. BPC is a nontaxable single-purpose Crown corporation indirectly owned by the Province of British Columbia. BPC owns and operates a 149-megawatt hydroelectric generation facility and the Brilliant Terminal Station transmission assets in the Kootenay-Columbia region of British Columbia.