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
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.
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