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Bulletin: Arizona Wildfire Not Expected To Affect Utility Ratings Jun 11
Standard & Poors, June 2011
Abstract
SAN FRANCISCO (Standard & Poor's) June 10, 2011--Standard & Poor's Ratings Services said today that it does not expect any ratings impact on electric utilities potentially exposed to system disruptions due to the Wallow wildfire in Arizona. The wildfire could directly damage transmission lines or cause a shutdown to prevent a short circuit because smoke from the fire creates an alternate current path. If damaged, the lines could take weeks to clean and repair. El Paso Electric Co. (BBB/Stable/--) and Tucson Electric Power Co. (BB+/Stable/B-2) face the greatest exposure through two transmission lines. These companies report that they are securing additional resources and preparing for the possibility of rolling blackouts, which may not occur even if the lines go down....
Companies mentioned in this report are: El Paso Electric Co.,Arizona Public Service Co.,Public Service Co. of New Mexico,Tucson Electric Power Co.
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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