Relatively low-risk, regulated transmission and distribution company, Lack of commodity risk, Limited competitive threats, and Relatively stable and predictable cash flows. Parent company's investment in the riskier unregulated generation business, Heavily industrialized service area, and A stand-alone financial profile that is much weaker than that of the consolidated Ameren profile. The ratings on Illinois Power Co. are based on the consolidated credit profile of utility holding company parent Ameren Corp. Ameren's units include its utilities, Union Electric Co., Central Illinois Public Service Co., CILCORP Inc., Central Illinois Light Co., and Illinois Power, its unregulated generation unit, AmerenEnergy Generating Co., and AmerenEnergy Resources Generating Co., Central Illinois Light's unregulated generation subsidiary. Illinois Power (doing business as AmerenIP) became an Ameren subsidiary...
Companies mentioned in this report are:
- Illinois Power Co.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Union Electric Co. d/b/a Ameren Missouri
- CILCORP Inc.
- Ameren Corp.
- Illinois Power Generating Co.
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Research Type: Full Analysis