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Bulletin: Senate Support For A Rate Freeze Pressures Ratings On ComEd and Ameren Illinois Utilities Mar 07 Product Image

Bulletin: Senate Support For A Rate Freeze Pressures Ratings On ComEd and Ameren Illinois Utilities Mar 07

  • ID: 1821796
  • March 2007
  • Region: Illinois
  • Standard & Poors

FEATURED COMPANIES

  • Ameren Corp.
  • Ameren Illinois Co.
  • Commonwealth Edison Co.
  • Illinois Power Co.
  • MORE

Abstract
NEW YORK (Standard & Poor's) March 23, 2007--Standard & Poor's Ratings Services said today that a one-year rate-freeze bill targeting Commonwealth Edison Co. (BBB-/Watch Neg/A-3) and Ameren Corp.'s Illinois utilities (Illinois Power Co., Central Illinois Public Service Co., and Central Illinois Light Co.- -all rated BBB-/Watch Neg/--) has been voted out of the Illinois Senate Environment and Energy Committee. The bill may now move to the Senate floor for a vote. If the bill is successful in moving to the House, we would lower the ratings on all four Illinois utilities, perhaps precipitously, depending on the circumstances. The severity of the downgrades (possibly to the 'B' category in some cases) will ultimately depend on the likelihood that relevant parties will...

Companies mentioned in this report are:
- Commonwealth Edison Co.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Illinois Power Co.
- Ameren Corp.

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.

Note: Product cover images may vary from those shown

- Commonwealth Edison Co.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Illinois Power Co.
- Ameren Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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