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CenterPoint Energy Resources Corp. Product Image

CenterPoint Energy Resources Corp.

  • ID: 1786062
  • May 2011
  • Standard & Poors

Abstract
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.
Action: Review

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: Full Analysis

Note: Product cover images may vary from those shown

CenterPoint Energy Resources Corp.,CenterPoint Energy Houston Electric LLC,CenterPoint Energy Inc.

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

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