Industry Economic And Ratings Outlook: U.S. Regulated Utilities To Continue On Stable To Modestly Improving Trajectory Jul 13
- Language: English
- Published: July 2013
- Region: United States
Strong power cost adjustment mechanism that allows most purchased power costs to be ultimately collected from ratepayers; Low-cost, hydro- and coal-based generating fleet; Generally supportive state regulatory regime; and Absence of material unregulated businesses. High exposure to hydroelectric generation volatility on the Snake River, resulting in unpredictable power supplies and costs; Higher cash flow volatility that periodically reduces credit metrics; and Significant capital expenditures related to generation and transmission needs, coupled with uncertain future growth and recovery. The 'BBB' corporate credit rating on IDACORP Inc. (IDA) and Idaho Power Co. (IPC) is based on the company's consolidated credit profile, which consists primarily of integrated regulated electric utility operations at IPC, and reflects an "excellent" business risk profile and "aggressive" consolidated...
Companies mentioned in this report are: IDACORP Inc.,Idaho Power Co.,NorthWestern Corp.,Portland General Electric Co.,Avista Corp.,Puget Sound Energy Inc.
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Research Type: Full Analysis
IDACORP Inc.,Idaho Power Co.,NorthWestern Corp.,Portland General Electric Co.,Avista Corp.,Puget Sound Energy Inc.