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AmerenEnergy Generating Co. Nov 01
Standard & Poors, Nov 2001
Abstract
AmerenEnergy Generating Co. (AEGC) is the wholly owned, unregulated generation subsidiary of Ameren Corp., which is also the parent of regulated utility companies Union Electric Co. (UE, doing business as AmerenUE) and Central Illinois Public Service Co. (CIPS, doing business as AmerenCIPS), as well as other unregulated units. The ratings on AEGC reflect a below-average business risk profile, a stable financial condition, and management's commitment to maintaining capital structure balance. AEGC's business position is characterized by relatively low production costs of a mostly coal-fired generation portfolio, transition contracts, and strong transmission links to the Mid-American Interconnected Network (MAIN) and neighboring regions that enable AEGC to achieve high capacity utilization levels for its competitively priced generation. These attributes are partly offset...
Companies mentioned in this report are: AmerenEnergy Generating Co.,Ameren Illinois Co.,Ameren Missouri,Gateway Fuel Corp.,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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