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Bulletin: Ameren Units' Rate Increase In Illinois Does Not Affect Ratings Nov 06
Standard & Poors, Nov 2006
Abstract
NEW YORK (Standard & Poor's) Nov. 22, 2006--Standard & Poor's Ratings Services said today that the Illinois Commerce Commission's recent authorization of about an aggregate $100 million electric delivery service rate increase for Ameren Corp.'s (BBB/Watch Neg/A-3) three Illinois utilities does not affect the ratings on the companies. The increase for Illinois Power Co. (BBB-/Watch Neg/--), Central Illinois Public Service Co. (BBB-/Watch Neg/--), and Central Illinois Light Co. (BBB-/Watch Neg/--) is significantly less than the companies' $200 million overall request and will only marginally enhance bondholder protection parameters. Of significantly greater credit concern is the potential passage of legislation extending a 10-year electric rate freeze beyond its current expiration at the end of 2006, which would lead ultimately and quickly...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois 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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