[MLT] CenterPoint Energy And Subsidiaries Ratings Raised To 'BBB+' From 'BBB'; Outlook Stable Nov 11
- Language: English
- Published: November 2011
Majority of consolidated cash flow is from lower-risk electricity and natural gas transmission and distribution operations; No commodity exposure in electric and gas transmission and distribution businesses; Operating and regulatory diversity with multiple lines of business across numerous states; Recent regulatory outcomes support cash flow stability; Attractive demographics in the Houston service territory; and Improving financial risk profile can benefit further from the recent favorable decision from the State Supreme Court in the true-up appeal case. Ongoing need for excellent risk management to avoid exposure to commodity prices and effectively manage competitive supply business; and Despite improvement, a financial risk profile that remains aggressive, especially in terms of debt leverage. The ratings on CenterPoint Energy Resources Corp. (CERC) reflect the...
Companies mentioned in this report are: CenterPoint Energy Resources Corp.,CenterPoint Energy Houston Electric LLC,CenterPoint Energy Inc.
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CenterPoint Energy Resources Corp.,CenterPoint Energy Houston Electric LLC,CenterPoint Energy Inc.