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Ameren Energy Generating Co. Jun 06
Standard & Poors, June 2006
Abstract
A financially stronger parent, Relatively low-cost baseload coal capacity with well-positioned units on the Mid-American Interconnected Network forecast dispatch curve, Minimal technology risk, and No plans for new unregulated capacity. Risks of nonrenewal of purchased power agreements, exposing the bulk of Ameren Energy Generating's assets to market sales and commodity price risk, Tighter environmental standards facing coal-fired facilities, and A financial profile much weaker than that of parent Ameren. The ratings on Ameren Energy Generating Co. (AEGC), the primary unregulated generation subsidiary of Ameren Corp., are on CreditWatch with negative implications. The ratings on AEGC are based on the consolidated credit profile of the Ameren family of companies. St Louis, Mo.-based Ameren's units include utility subsidiaries, Union Electric Co. (doing...
Companies mentioned in this report are: AmerenEnergy Generating Co.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois Power Co.,Ameren Missouri,CILCORP Inc.,Ameren Corp.
Action: Review
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: Full Analysis
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