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Industry Report Card: Credit Quality For U.S. Electric Utilities Remains Strong Despite Rising Fuel And Construction Costs Jun 08 Product Image

Industry Report Card: Credit Quality For U.S. Electric Utilities Remains Strong Despite Rising Fuel And Construction Costs Jun 08

  • Published: June 2008
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • AEP Texas Central Co.
  • CMS Energy Corp.
  • Edison International
  • ITC Holdings Corp.
  • Northeast Utilities
  • PNM Resources Inc.
  • MORE

Abstract
Credit quality for the regulated U.S. electric utility industry is well positioned for the remainder of 2008, given supportive regulatory environments, strong liquidity positions, and market access and appetite for debt securities for the sector as a whole. The outlook momentum, both positive and negative for sector is in equilibrium, excluding pending transactions. The U.S. Senate has begun the process to advance a bill restricting carbon dioxide discharge. It appears unlikely that passage of a "greenhouse gas initiative" will occur before the presidential election later this fall. However, the electric industry is going to be faced with some new environmental compliance mandate, enacted perhaps as early as 2009 with a likely phase-in period to follow. The key to credit quality...

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 READ MORE >

- Indiana Michigan Power Co.
- Indianapolis Power & Light Co.
- Jersey Central Power & Light Co.
- Kansas City Power & Light Co.
- Kansas Gas & Electric Co.
- Westar Energy Inc.
- Kentucky Power Co.
- Kentucky Utilities Co.
- Entergy Louisiana Holdings Inc.
- Louisville Gas & Electric Co.
- Madison Gas & Electric Co.
- Massachusetts Electric Co.
- Metropolitan Edison Co.
- DTE Gas Co.
- ALLETE Inc.
- Entergy Mississippi Inc.
- Mississippi Power Co.
- Monongahela Power Co.
- Narragansett Electric Co.
- Nevada Power Co.
- National Grid USA
- New England Power Co.
- Entergy New Orleans Inc.
- New York State Electric & Gas Corp.
- Niagara Mohawk Power Corp.
- North Shore Gas Co.
- Northern Natural Gas Co.
- Northern States Power Co.
- Northern States Power Wisconsin
- NorthWestern Corp.
- Ohio Edison Co.
- Ohio Power Co.
- Oklahoma Gas & Electric Co.
- Orange and Rockland Utilities Inc.
- Otter Tail Corp.
- Pacific Gas & Electric Co.
- PacifiCorp
- Pennsylvania Electric Co.
- PPL Electric Utilities Corp.
- Pennsylvania Power Co.
- The Peoples Gas Light & Coke Co.
- PECO Energy Co.
- Portland General Electric Co.
- Potomac Electric Power Co.
- Public Service Co. of Colorado
- Duke Energy Indiana Inc.
- Public Service Co. of New Hampshire
- Public Service Co. of New Mexico
- Public Service Co. of North Carolina Inc.
- Public Service Co. of Oklahoma
- Public Service Electric & Gas Co.
- Rochester Gas & Electric Corp.
- Rockland Electric Co.
- Sierra Pacific Power Co.
- South Carolina Electric & Gas Co.
- Southern California Edison Co.
- Southern Connecticut Gas Co.
- Southern Electric Generating Co.
- Southwestern Electric Power Co.
- Southwestern Public Service Co.
- Tampa Electric Co.
- Texas-New Mexico Power Co.
- Toledo Edison Co.
- Tucson Electric Power Co.
- Union Electric Co. d/b/a Ameren Missouri
- Duke Energy Kentucky Inc.
- Virginia Electric & Power Co.
- Avista Corp.
- West Penn Power Co.
- AEP Texas North Co.
- Western Massachusetts Electric Co.
- Wisconsin Electric Power Co.
- Wisconsin Gas LLC
- Wisconsin Power & Light Co.
- Wisconsin Public Service Corp.
- Ohio Valley Electric Corp.
- Puget Sound Energy Inc.
- American Electric Power Co. Inc.
- CenterPoint Energy Houston Electric LLC
- Peoples Energy LLC
- KCP&L Greater Missouri Operations Co.
- Green Mountain Power Corp.
- NV Energy Inc.
- CILCORP Inc.
- IPALCO Enterprises Inc.
- SCANA Corp.
- TECO Energy Inc.
- System Energy Resources Inc.
- Puget Energy Inc.
- Black Hills Power Inc.
- DPL Inc.
- NextEra Energy Inc.
- Entergy Corp.
- Northeast Utilities
- Southern Co.
- Pinnacle West Capital Corp.
- CMS Energy Corp.
- Wisconsin Energy Corp.
- Columbus Southern Power Co.
- Edison International
- Enable Oklahoma Intrastate Transmission, LLC
- Berkshire Hathaway Energy Company
- Duquesne Light Holdings Inc.
- LG&E and KU Energy LLC
- Alliant Energy Resources LLC
- MidAmerican Energy Co.
- Integrys Energy Group Inc.
- DTE Energy Co.
- CenterPoint Energy Inc.
- OGE Energy Corp.
- Ameren Corp.
- Alliant Energy Corp.
- KeySpan Corp.
- KeySpan Gas East Corp.
- Consolidated Edison Inc.
- Iberdrola USA
- IDACORP Inc.
- Cleco Corp.
- NSTAR LLC
- Allegheny Energy Supply Co. LLC
- Midcontinent Independent System Operator, Inc
- Xcel Energy Inc.
- Progress Energy Inc.
- American Transmission Co.
- Great Plains Energy Inc.
- Black Hills Corp.
- Oncor Electric Delivery Co. LLC
- Interstate Power & Light Co.
- Michigan Electric Transmission Co.
- PEPCO Holdings Inc.
- International Transmission Co.
- ITC Holdings Corp.
- PNM Resources Inc.
- Yankee Gas Services Co.
- Duke Energy Carolinas LLC
- Entergy Louisiana LLC
- FirstEnergy Solutions Corp.
- Entergy Gulf States Louisiana LLC
- Entergy Texas Inc.
- ITC Midwest LLC
- Alabama Power Co.
- Allegheny Energy Inc.
- Appalachian Power Co.
- Arizona Public Service Co.
- Entergy Arkansas Inc.
- CenterPoint Energy Resources Corp.
- Atlantic City Electric Co.
- Baltimore Gas & Electric Co.
- NSTAR Electric Co.
- The Brooklyn Union Gas Company
- Duke Energy Progress Inc.
- Central Hudson Gas & Electric Corp.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Cleco Power LLC
- Central Maine Power Co.
- AEP Texas Central Co.
- Central Vermont Public Service Corp.
- Duke Energy Ohio Inc.
- Cleveland Electric Illuminating Co.
- Commonwealth Edison Co.
- NSTAR Gas Co.
- Connecticut Natural Gas Corp.
- Consolidated Edison Co. of New York Inc.
- Consumers Energy Co.
- Dayton Power & Light Co.
- Delmarva Power & Light Co.
- DTE Electric Co.
- Dominion Resources Inc.
- Duke Energy Corp.
- Duquesne Light Co.
- El Paso Electric Co.
- Empire District Electric Co.
- Florida Power & Light Co.
- Duke Energy Florida Inc.
- Florida Progress Corp.
- Georgia Power Co.
- Gulf Power Co.
- Hawaiian Electric Co. Inc.
- Hawaiian Electric Industries Inc.
- Idaho Power Co.
- Illinois Power Co.
- Connecticut Light & Power Co.

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