Mississippi Power Co. Oct 10
Standard & Poors, October 2010
Abstract
A generally constructive regulatory environment in Mississippi; Stable consolidated cash flows; and Declining fuel cost deferrals. Construction of IGCC plant raises business risk; Customer base still recovering after severe reduction in 2005; and Aggressive adjusted consolidated debt leverage. The ratings on Mississippi Power Co. (MPC) reflect the consolidated credit profile of its parent, Southern Co. Southern has an excellent business risk profile that reflects stable regulated electric utility operations in Georgia, Alabama, Mississippi, and Florida, which contribute more than 90% of consolidated operating income. The business risk profile benefits from operations in jurisdictions with generally constructive regulatory frameworks combined with effective management of regulatory relations; strong operating performance and high availability and capacity utilization factors for owned generation; regulatory and...
Companies mentioned in this report are: Mississippi Power Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Southern Electric Generating Co.,Southern Co.,Southern Company Capital Funding, Inc.,Alabama Power Capital Trust V,Southern Co. Services Inc.,Southern Company Funding Corp.,Southern Power Co.
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
Mississippi Power Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Southern Electric Generating Co.,Southern Co.,Southern Company Capital Funding, Inc.,Alabama Power Capital Trust V,Southern Co. Services Inc.,Southern Company Funding Corp.,Southern Power Co.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
