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Ratings Roundup: U.S. Investor-Owned Electric Utilities Trended Positively In A Quiet Third Quarter Oct 10

  • ID: 1787576
  • October 2010
  • Region: United States
  • Standard & Poors
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FEATURED COMPANIES

  • AEP Texas Central Co.
  • Cobb Elec Membership Corp
  • Edison International
  • Idaho Power Co.
  • Narragansett Electric Co.
  • Penelec Capital
  • MORE

Abstract
Ratings activity in the U.S. investor-owned electric utility industry was decidedly positive during the third quarter. Since July 1, 2010, Standard & Poor's Ratings Services raised the corporate credit ratings of four companies, all of which related to PEPCO Holdings Inc. The sale of higher risk merchant generation assets and associated debt reduction led to the upgrade. In the past three months we also revised an outlook to positive, changed two outlooks to stable, and placed one company on CreditWatch negative. The positive outlook on Alliant Energy Corp. stemmed from a manageable construction program and strong cash flow generation. Ratings stability for Duke Energy Corp. is mainly the result of our expectations for steady financial performance during the current construction...

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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- Arkansas Elec Coop Corp
- Hoosier Energy Rural Elec Coop Inc
- Pedernales Elec Coop Inc
- Alabama Power Co.
- Allegheny Energy Inc.
- Appalachian Power Co.
- Arizona Public Service Co.
- Entergy Arkansas Inc.
- Cambridge Electric Light Co.
- Central Illinois Light Co.
- Cleco Power LLC
- AEP Texas Central Co.
- Central Vermont Public Service Corp.
- Duke Energy Ohio Inc.
- DTE Electric Co.
- Duke Energy Corp.
- Gulf Power Co.
- Entergy Gulf States Inc.
- Illinois Power Co.
- Indiana Michigan Power Co.
- Indianapolis Power & Light Co.
- Louisville Gas & Electric Co.
- Metropolitan Edison Co.
- ALLETE Inc.
- Entergy Mississippi Inc.
- Monongahela Power Co.
- Northern States Power Co.
- Orange and Rockland Utilities Inc.
- Pacific Gas & Electric Co.
- PPL Electric Utilities Corp.
- Duke Energy Indiana Inc.
- St. Joseph Light & Power Co.
- Savannah Electric & Power Co.
- Sierra Pacific Power Co.
- South Carolina Electric & Gas Co.
- Southern California Edison Co.
- Southern Electric Generating Co.
- Southern Indiana Gas & Electric Co.
- Southwestern Electric Power Co.
- Southwestern Public Service Co.
- Tampa Electric Co.
- Texas-New Mexico Power Co.
- Toledo Edison Co.
- Union Electric Co. d/b/a Ameren Missouri
- The United Illuminating Co.
- Utah Power & Light Co.
- Virginia Electric & Power Co.
- West Penn Power Co.
- AEP Texas North Co.
- Western Massachusetts Electric Co.
- Wisconsin Electric Power Co.
- Wisconsin Power & Light Co.
- Wisconsin Public Service Corp.
- Ohio Valley Electric Corp.
- American Electric Power Co. Inc.
- CenterPoint Energy Houston Electric LLC
- KCP&L Greater Missouri Operations Co.
- Green Mountain Power Corp.
- NV Energy Inc.
- TNP Enterprises Inc.
- NextEra Energy Capital Holdings Inc.
- System Energy Resources Inc.
- NextEra Energy Inc.
- Entergy Corp.
- Eversource Energy
- Southern Co.
- Maui Electric Co. Ltd.
- Columbus Southern Power Co.
- Edison International
- Duquesne Light Holdings Inc.
- LG&E and KU Energy LLC
- PVNGS II Funding Corp. Inc.
- Cinergy Corp.
- Entergy Louisiana Capital I
- PG&E Corp.
- California Independent System Operator Corp.
- IDACORP Inc.
- Cleco Corp.
- Exelon Corp.
- Progress Energy Inc.
- American Transmission Co.
- Great Plains Energy Inc.
- Oncor Electric Delivery Co. LLC
- Texas Competitive Electric Holdings Co. LLC
- Interstate Power & Light Co.
- Michigan Electric Transmission Co.
- PEPCO Holdings Inc.
- International Transmission Co.
- ITC Holdings Corp.
- PNM Resources Inc.
- Duke Energy Carolinas LLC
- Entergy Louisiana LLC
- FirstEnergy Solutions Corp.
- Entergy Gulf States Louisiana LLC
- Entergy Texas Inc.
- FirstEnergy Corp.
- Chugach Elec Assoc
- American & Foreign Power Inc.
- Atlantic City Electric Co.
- Baltimore Gas & Electric Co.
- NSTAR Electric Co.
- Vectren Capital Corp.
- Duke Energy Progress, LLC
- Duke Energy Florida, LLC
- Central Hudson Gas & Electric Corp.
- Ameren Illinois Co.
- Central Maine Power Co.
- Cleveland Electric Illuminating Co.
- Columbus & Southern Ohio Electric Co.
- Commonwealth Edison Co.
- Commonwealth Electric Co.
- Connecticut Light & Power Co.
- Consumers Energy Co.
- Dayton Power & Light Co.
- Delmarva Power & Light Co.
- Duquesne Light Co.
- El Paso Electric Co.
- Empire District Electric Co.
- Florida Power & Light Co.
- Florida Progress Corp.
- Georgia Power Co.
- Hawaiian Electric Co. Inc.
- Hawaiian Electric Industries Inc.
- Idaho Power Co.
- Iowa-Illinois Gas & Electric Co.
- IPALCO Enterprises Inc.
- 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.
- Massachusetts Electric Co.
- Mississippi Power Co.
- Narragansett Electric Co.
- Nevada Power Co.
- National Grid USA
- New England Power Co.
- Entergy New Orleans Inc.
- Niagara Mohawk Power Corp.
- Northern Indiana Public Service Co.
- Northern States Power Wisconsin
- Ohio Edison Co.
- Ohio Power Co.
- Oklahoma Gas & Electric Co.
- PacifiCorp
- Pennsylvania Electric Co.
- Pennsylvania Power Co.
- PECO Energy Co.
- PECO Energy Capital L.P.
- Portland General Electric Co.
- Potomac Edison Co.
- Potomac Electric Power Co.
- Public Service Co. of Colorado
- Public Service Co. of New Hampshire
- Public Service Co. of New Mexico
- Public Service Co. of Oklahoma
- Public Service Electric & Gas Co.
- Rochester Gas & Electric Corp.
- Rockland Electric Co.
- Tucson Electric Power Co.
- Duke Energy Kentucky Inc.
- Eastern Edison Co.
- Wisconsin Electric Fuel Trust
- CILCORP Inc.
- PacifiCorp Group Holdings Co.
- PacifiCorp Delaware LP
- Black Hills Power Inc.
- DPL Inc.
- Hawaii Electric Light Co. Inc.
- Pinnacle West Capital Corp.
- CTC Mansfield Funding Corp.
- PNPP II Funding Corp.
- Penelec Capital
- Met-Ed Capital L.P.
- Illinova Corp.
- CL&P Capital L.P.
- JC P&L Capital L.P.
- MidAmerican Energy Co.
- Ohio Edison Financing Trust
- PPL Corp.
- Ohio Edison Financing Trust II
- PacifiCorp Capital I
- Sierra Pacific Power Capital I
- Vermont Elec Coop Inc
- Alliant Energy Corp.
- Southern Co. Services Inc.
- Midcontinent Independent System Operator, Inc
- Southern Company Funding Corp.
- Cobb Elec Membership Corp
- PacifiCorp Holdings Inc.
- Texas Genco LLC
- Scottish Power Finance U.S.
- Mirant North America LLC
- ITC Midwest LLC
- Otter Tail Power Co.
- Trans-Allegheny Interstate Line Co.
- American Transmission Systems Inc.
- Diverse Pwr Inc
- Conectiv

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