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Summary: Central Illinois Public Service Co. Aug 10

  • ID: 1821917
  • August 2010
  • Region: Illinois
  • Standard & Poors

The ratings on Illinois Public Service Co. (CIPS) reflect Ameren Corp.'s consolidated credit profile. The ratings also reflect CIPS excellent strong business risk profile and Ameren's significant financial risk profile. Ameren's subsidiaries include intermediate holding company CILCORP Inc., and regulated utilities Union Electric Co. (UE), CIPS, Central Illinois Light Co. (CILCO) (a subsidiary of CILCORP), and Illinois Power Co. (IP). Ameren's unregulated businesses include Ameren Energy Generating Co. (AEGC), and Ameren Energy Resources Generating Co. (AERG) (a subsidiary of CILCO). Ameren also has an 80% ownership of Electric Energy Inc. that also operates non-rate-regulated electric generation facilities. As of June 30, 2010, Ameren had about $8.0 billion of total debt outstanding. Based on the combination of future earnings, cash flow,...

Companies mentioned in this report are:
- Ameren Illinois Co.

Action: Review

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- Ameren Illinois Co.

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