Heat oven 325 degrees F. Generously grease and flour 12-cup bundt pan. Beat sugar, butter, & eggs. Add remaining cake ingresients and beat 3 minutes on medium speed. Pour into prepared cake pan. Bake 55-70 minutes or until toothpick comes out clean. DO NOT remove cake from pan.
In small saucepan, combine all sauce ingredients; cook over low heat until butter melts, stirring occasionally. Do not boil. Using long-tined fork, pierce hot cake in pan 10 - 15 times. Slowly pour sauce over cake. Remove cake immediately from pan AFTER sauce has been absorbed. Cool completely. Sprinkle with Powdered Sugar.