|
|
 |
|
Viewing report
|
|
|
|
Summary: FirstEnergy Corp.
Standard & Poors, March 2011
Abstract
We base the corporate credit rating on FirstEnergy Corp. and subsidiaries on the company's transformation from an integrated electric utility holding company to a model that encompasses regulated electric T&D operations and unregulated merchant electric generation and marketing activities. While we no longer consider the company as fully integrated, we regard the two segments as equally important to the company and as contributing equally to the consolidated credit profile. The utilities and the generating plants that were formerly rate-based assets retain a strategic connection. The 2011 merger with Allegheny Energy Inc. has resulted in a slightly weaker business risk profile and could slow efforts to strengthen the company's financial position as integration issues divert management resources. Allegheny's mix of regulated
Article Type:SUMMARY
Companies mentioned in this report are: FirstEnergy Corp.
Action: Review
|
|
|
|
