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Ameren Corp. Nov 01
Standard & Poors, Nov 2001
Abstract
The ratings of Ameren Corp. are based on the consolidated credit profile of the Ameren family of companies, which include its regulated utilities Union Electric Co. (UE, doing business as AmerenUE) and Central Illinois Public Service Co. (CIPS, doing business as AmerenCIPS); its unregulated generation subsidiary, AmerenEnergy Generating Co. (AEGC); and other diversified businesses, such as energy marketing and trading. UE accounts for some 70% of consolidated operating income and 74% of Ameren's cash flow. Its much smaller sister company, CIPS, represents about 15% and 17%, respectively, of the consolidated entity. AEGC accounts for about 15% of consolidated operating income and 9% of Ameren's cash flow. UE is a vertically integrated utility; CIPS became a transmission and distribution company on...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri,Gateway Fuel Corp.,AmerenEnergy Generating Co.
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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