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Bulletin: Illinois Regulators Approve Ameren Units' Rate Plan, But Legislative Uncertainty Persists Dec 06
Standard & Poors, Dec 2006
Abstract
NEW YORK (Standard & Poor's) Dec. 21, 2006--Standard & Poor's Ratings Services said today that the Illinois Commerce Commission's (ICC) recent authorization of Ameren Corp.'s (BBB/Watch Neg/A-3) opt-in rate-mitigation plan for its three Illinois utilities favors the companies' credit quality but does not affect their ratings at this time. Ameren's three Illinois utilities are Illinois Power Co. (BBB-/Watch Neg/--) Central Illinois Public Service Co. (BBB-/Watch Neg/--), and Central Illinois Light Co. (BBB-/Watch Neg/--). Under the plan, certain customers would have the choice to pay full market costs in 2007 or phase in the increases over a period of years. The rate hikes will be phased in at an annual maximum increase of 14% over three years or until the full...
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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