- Published: May 2012
Pacific Gas and Electric Co. May 11
- Published: May 2011
- Standard & Poors
Supportive regulatory mechanisms approved by the California Public Utilities Commission (CPUC) that allow utility Pacific Gas and Electric Co. (PG&E) timely and certain recovery of costs; Recent regulatory decisions that suggest that turnover at the CPUC is unlikely to upend what has been a constructive environment for investor-owned utilities, all of which are investing significant capital in the state; An absence of any significant unregulated energy operations; A large, economically diverse service territory that serves 5.2 million retail electric customers and 4.3 million natural gas distribution customers in northern California; and Decoupling mechanisms that have limited the utility's exposure to lost profits caused by lower electric and gas sales due to a continued recession. The management team appears to have...
Companies mentioned in this report are: Pacific Gas & Electric Co.,Public Service Co. of Colorado,San Diego Gas & Electric Co.,Southern California Edison Co.,PG&E Corp.
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
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Pacific Gas & Electric Co.,Public Service Co. of Colorado,San Diego Gas & Electric Co.,Southern California Edison Co.,PG&E Corp.
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