Heat oven to 350 degrees.Make sure rack is in the center row. Spray bundt pan with butter spray including tube or you can butter and flour the pan, shaking off access flour. Set aside.
Place all ingredients in a large mixing bowl. Using and electric mixer on low speed blend for 1 minute, scraping the sides with a spatula. Increase speed to medium and blend for 2 minutes. Pour batter into the bundt pan, smoothing it out with the spatula.
Place cake in heated oven on center rack. Bake until it is golden brown and springs back when lightly pressed with your finger, 45-50 minutes. Remove pan from oven and place it on a cooling rack to cool for 20 minutes. After cake cools, invert onto a plate. Let cool completely before icing or sprinkling powdered sugar on top.