Seminole Electric Cooperative, Florida; Revenue - Transportation, Other
- ID: 1710089
- July 2000
- Region: Florida
- Standard & Poors
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Research Type: Full Analysis
The issuer credit rating of 'A' assigned to Florida's Seminole Electric Cooperative, Inc. (Seminole) reflects Seminole's strong capacity to meet financial obligations created through debt instruments and contracts. Seminole has been assigned a business profile score of '4' on Standard & Poor's 10-point business profile scale, with '1' being the highest. This score reflects Seminole's sound capacity for long-term viability as electric markets deregulate. Seminole sells energy under "all requirements" contracts to 10 distribution cooperatives that serve portions of 45 counties throughout peninsular Florida. Debt and contractual obligations are satisfied with revenues received through the sale of electricity to member distribution cooperatives. Electricity sales totaled approximately 12,000 gigawatt-hour (GWh) in 1999, which placed Seminole among the nation's five largest generation...
Companies mentioned in this report are: Seminole Elec Coop
Action: New Rating