With the completion of the $155 million Western Massachusetts Electric securitization early this week, stranded-cost issuance is expected to drop off in the near term, sources say, capping off a robust early-2001 pipeline that produced more than $7 billion in year-to-date issuance for the sector.

At the rate of one or more deals per month, total stranded-cost proceeds have been in line to slightly greater than most analysts' expectations.

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