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South Carolina Electric & Gas Co. May 11 Product Image

South Carolina Electric & Gas Co. May 11

  • ID: 1806303
  • May 2011
  • Region: South Carolina
  • Standard & Poors

Abstract
More than 90% of consolidated cash flows are from regulated electric and gas utility operations; Supportive regulatory environments in South Carolina and North Carolina; Some operating diversity with operations in two states; and Modestly improving service territory. Increased business risk due to the construction of two new nuclear power plants; Exposure to higher risk retail gas marketing operations; and Aggressive consolidated financial risk profile. The ratings on South Carolina Electric & Gas Co. (SCE&G) reflect the credit profile of its parent, SCANA Corp. SCE&G is SCANA's largest subsidiary and contributes the bulk of the company's consolidated operating income and cash flow (82% for 2010). SCE&G has an excellent business risk profile, characterized by operations under a generally constructive regulatory environment...

Companies mentioned in this report are: South Carolina Electric & Gas Co.,Public Service Co. of North Carolina Inc.,South Carolina Fuel Co.,SCANA Corp.
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

South Carolina Electric & Gas Co.,Public Service Co. of North Carolina Inc.,South Carolina Fuel Co.,SCANA Corp.

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