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Bulletin: AER's Final Decision On Victorian Electricity Distribution Companies Is Supportive Of Company Creditworthiness Nov 10
Standard & Poors, Nov 2010
Abstract
MELBOURNE (Standard & Poor's) Nov. 1, 2010--Standard & Poor's Ratings Services today said that the Australian Energy Regulator's (AER) final decision covering the period January 2011 to December 2015 for the five Victorian electricity distribution network providers (DNSPs) is consistent with our view of a supportive regulatory system that is on the whole predictable, transparent, and fair. In our view, the overall decision supports the providers' cash flow stability, by determining a price path that will see price changes, from the January 2011 commencement, ranging from a small cut for Citipower (A-/Watch Neg/--) to small increases for the other DNSPs. In our opinion, the AER's decision to approve an aggregate A$4.7 billion DNSP capital-expenditure allowance is a step change in...
Companies mentioned in this report are: The CitiPower Trust,United Energy Distribution Pty Ltd.,Powercor Australia LLC,United Energy Distribution Holdings Pty Ltd.,DUET Group,SP AusNet Group,SPI (Australia) Assets Pty Ltd.
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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