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International Utility Comparative Financial Statistics for 1999 Nov 00

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

FEATURED COMPANIES

  • Acea SpA
  • Chilectra S.A.
  • Enemalta PLC
  • Lietuvos Energija
  • Powercor Australia LLC
  • Suez S.A.
  • MORE

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

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

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