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International Utility Comparative Financial Statistics for 1999 Nov 00

  • ID: 1712357
  • November 2000
  • Region: Global
  • Standard & Poors
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FEATURED COMPANIES

  • Acea SpA
  • Chilectra S.A.
  • Enersis Americas S.A.
  • Melbourne Water Corp.
  • Rand Water
  • Tenaga Nasional Bhd.
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Abstract
In this commentary Standard & Poor's presents comparative financial statistics for international electric, gas, and water utilities. Adjusting for outlying utilities, financial ratio averages show the expected correlation--higher rated companies have stronger financial ratios. While this does not hold for every rating category notch by notch (i.e., average funds-from-operations interest coverage is modestly stronger for 'A-' than for 'A' rated companies), it generally holds true for rating ranges. Thus, the ratios for 'AA' rated companies are stronger than for 'A' rated companies, which are stronger than for 'BBB' rated companies, etc. This commentary includes utilities whose fiscal years end in June, September, and December 1999. Utilities with fiscal years that end in March 2000 are also included, since three-quarters of...

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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- Electricite de France S.A.
- ENGIE SA
- Korea Electric Power Corp.
- Gasunie (B.V. Nederlandse)
- Tokyo Electric Power Co. Inc.
- Brazil (Federative Republic of)
- National Grid Gas PLC
- RWE Thames Water PLC
- United Utilities PLC
- Northumbrian Services Ltd.
- Teollisuuden Voima Oyj
- Anglian Water PLC
- Anglian Water Services Ltd.
- Western Power Distribution (East Midlands) PLC
- Western Power Distribution (South Wales) PLC
- Endesa S.A.
- E.ON Sverige AB
- Northern Powergrid (Yorkshire) PLC
- Western Power Distribution (South West) PLC
- Eastern Power Networks PLC
- Electricity North West Ltd.
- WPD Midlands Holdings Ltd.
- Northern Electric PLC
- E.ON U.K. PLC
- Shikoku Electric Power Co. Inc.
- Vattenfall AB
- Thames Water Utilities Ltd.
- Mexico
- SSE PLC
- Iberdrola S.A.
- Scottish Power U.K. PLC
- Northumbrian Water Ltd.
- Suez S.A.
- Tokyo Gas Co. Ltd.
- Comision Federal De Electricidad
- Jemena Ltd.
- Argentina (Republic of)
- Verbund AG
- AES Gener S.A.
- YW Services Ltd.
- CEZ a.s.
- Tenaga Nasional Bhd.
- Sydney Water Corp.
- Statkraft SF
- ESKOM Holdings SOC Ltd.
- Metrogas S.A.
- Tauernkraftwerke Aktiengesellschaft
- Edison SpA
- Transpower New Zealand Ltd.
- Vector Ltd.
- Empresa Distribuidora Sur S.A. (EDESUR)
- Chilectra S.A.
- Transportadora de Gas del Norte S.A. (TGN)
- United Utilities Water Ltd
- Empresa Electrica Guacolda S.A.
- Transportadora de Gas del Sur S.A. (TGS)
- Dwr Cymru
- Southern Investments U.K. PLC
- United Energy Distribution Pty Ltd.
- AusNet Electricity Services Pty Ltd.
- NGC Generation Holdings Ltd.
- Israel Electric Corp. Ltd.
- Camuzzi Gas Pampeana S.A.
- Camuzzi Gas del Sur S.A.
- Energy Group Ltd. (The)
- Powercor Australia LLC
- Powergen (East Midlands) Investments
- Rand Water
- Eletrobras-Centrais Eletricas Brasileiras S.A.
- Espirito Santo Centrais Eletricas S.A.
- Tata Power Co. Ltd.
- Contact Energy Ltd.
- Inversora Electrica de Buenos Aires S.A.
- Hrvatska Elektroprivreda d.d.
- Empresa Distribuidora Y Comercializadora Norte S.A.
- Landsvirkjun
- CAPEX S.A.
- Yorkshire Power Group Ltd.
- NGC Holdings Ltd.
- Compania de Transporte de Energia Electrica en Alta Tension TRANSENER S.A.
- Avon Energy Partners Holdings
- Northern Powergrid Holdings Co.
- Southern Water Services Ltd.
- Fingrid Oyj
- Ampla Energia e Servicos S.A
- Aguas Argentinas S.A.
- Australian Gas Networks Ltd.
- Light Servicos de Eletricidade S.A.
- Huaneng Power International Inc.
- Irkutskenergo, AO EiE
- NTPC Ltd.
- Delta Electricity
- Enemalta PLC
- Companhia de Eletricidade do Estado da Bahia
- Kazakhstan Electricity Grid Operating Co. (JSC)
- Electricity Generating Authority of Thailand
- TXU Europe Ltd.
- Compania De Inversiones de Energia S.A.
- Central Costanera S.A.
- Sodigas Pampeana S.A.
- Sodigas Sur S.A.
- Wessex Water Services Ltd.
- Centrica PLC
- Wessex Water Ltd.
- British Gas Trading Ltd.
- Energie AG Oberoesterreich
- Acea SpA
- Zapadoceska Energetika a.s.
- Veolia Environnement S.A.
- Sociedad General de Aguas de Barcelona S.A.
- Fortum Power & Heat AB
- Australian Gas Networks (Vic 3) Pty Ltd.
- Manila Electric Co.
- EDP - Energias de Portugal S.A.
- AusNet Holdings (Partnership) LP
- KELAG
- National Grid Gas Holdings PLC
- Alinta 2000 Ltd.
- GasNet Australia (Operations) Pty Ltd.
- Reliant Energy Capital (Europe) Inc.
- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
- RWE AG
- Graninge AB
- Powergen U.S. Holdings Ltd.
- Powergen Ltd.
- Enel SpA
- Companhia Energetica do Rio Grande do Norte
- CPFL Energia S.A.
- Sistema Descentralizado de Agua Potable y Alcantarillado del Municipio de Gomez Palacio
- UnitedNetworks Ltd.
- Companhia Forca e Luz Cataguazes-Leopoldina
- DONG Energy Power A/S
- AusNet Transmission Group Pty Ltd.
- Cooperativa Rural de Electrificacion Ltda.
- Compania General de Electricidad S.A.
- Advanced Energy Industries Inc.
- EDF Energy Customers PLC
- National Grid PLC
- Country Energy
- Osaka Gas Co. Ltd.
- Chubu Electric Power Co. Inc.
- Chugoku Electric Power Co. Inc.
- Empresa Nacional de Electricidad S.A. Chile
- UK Power Networks Services (South East) Ltd
- National Grid Electricity Transmission PLC
- CLP Power Hong Kong Ltd.
- National Power Corp.
- EVN AG
- Enersis Americas S.A.
- Transpower Finance Ltd.
- Empresa Electrica Pehuenche S.A.
- Public Power Corp. S.A.
- Engie Energia Chile S. A.
- EDF Energy Nuclear Generation Group Ltd.
- Statnett SF
- Empresas Municipales de Cali S.A.
- Watercare Services Ltd.
- Mosenergo (AO)
- The CitiPower Trust
- Slovenske Elektrarne a.s.
- Powerco Ltd.
- Companhia de Saneamento Basico do Estado de Sao Paulo
- Severomoravska Energetika a.s.
- Interconexion Electrica S.A. E.S.P. (ISA)
- Lietuvos Energija
- Integral Energy Australia
- Melbourne Water Corp.
- Hongkong Electric Co. Ltd.
- Power Assets Holdings Ltd.
- TXU Europe Group PLC
- Taiwan Power Co.
- Azurix Europe Ltd.
- Camuzzi Argentina S.A.
- Camuzzi Gazometri SpA
- Empresa Distribuidora de Electricidad de Mendoza S.A.
- ETSA Utilities Finance Pty Ltd.
- Singapore Power Ltd.
- Cooperativa de Electricidad y Servicios Anexos Ltda. de Zarate
- Empresa Distribuidora de Energia Norte S.A. (EDEN)
- Empresa Distribuidora de Energia Sur S.A. (EDES)
- RWE Npower PLC

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