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S&P's Rating Methodology For U.S. Power Cooperatives: An Overview Nov 06

  • ID: 1710960
  • November 2006
  • Standard & Poors
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  • Arkansas Elec Coop Corp
  • Basin Elec Pwr Coop
  • Buckeye Pwr Inc
  • Central Iowa Pwr Coop
  • Dairyland Pwr Coop
  • Great River Energy
  • MORE

Electric cooperatives are private, nonprofit electric utilities that are owned by its distribution members. The cooperative model was largely born out of the need to electrify rural America in the 1930s after it became apparent that investor-owned utilities could not profitably serve sparsely populated and typically agricultural areas of the U.S. There are about 66 electric generation and transmission (G&T) cooperatives in the U.S. and 864 distribution cooperatives, according to the National Rural Electric Cooperative Association. Collectively, cooperatives serve about 13% of U.S. electric customers, provide about 11% of total electricity sales, and own about 4% of operational power plant capacity in the U.S. Standard & Poor's maintains ratings on 21 U.S. electric cooperatives, representing about $16 billion in total...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Dairyland Pwr Coop
- Arkansas Elec Coop Corp
- Basin Elec Pwr Coop
- Hoosier Energy Rural Elec Coop Inc
- Oglethorpe Pwr Corp
- Buckeye Pwr Inc
- Tri-State Generation & Transmission Assn
- Associated Elec Coop Inc
- Seminole Elec Coop
- Central Iowa Pwr Coop
- PowerSouth Energy Cooperative
- Old Dominion Elec Coop
- Guadalupe Valley Elec Cooperative, Inc.
- Wabash Vy Pwr Assn
- Chugach Elec Assoc
- Vermont Elec Coop Inc
- Georgia Transmission Corp.
- Central Elec Pwr Coop Inc
- Western Farmer's Elec Coop
- Diverse Pwr Inc
- Great River Energy
- Brazos Elec Pwr Coop
- Brunswick Electric Membership Corp

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown