Savannah Electric & Power Co. Dec 03
Standard & Poors, December 2003
Abstract
For the Southern Co. consolidated rating: Stable cash flows supported by regulated utility operations; A diverse customer base with growth above the national average; Strong operations, supported by the Southern pool; and Positive regulatory relations. Heavy reliance on coal use that will result in growing capital expenditures to meet environmental emissions restrictions; and Southern Co.'s consolidated leverage is modest on an adjusted basis. Savannah Electric & Power Co. is a wholly owned subsidiary of the Southern Co., one of the largest public utility holding companies in the U.S. The ratings on Southern and its five regulated operating subsidiaries, including Savannah, are based on a consolidated credit assessment method, resulting in the same corporate credit rating for the holding company and...
Companies mentioned in this report are: Savannah Electric & Power Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Mississippi Power Co.,Southern Electric Generating Co.,Southern Co.,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
Savannah Electric & Power Co.,Alabama Power Co.,Georgia Power Co.,Gulf Power Co.,Mississippi Power Co.,Southern Electric Generating Co.,Southern Co.,Southern Power Co.
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