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Central Illinois Public Service Co. Feb 03 Product Image

Central Illinois Public Service Co. Feb 03

  • ID: 1822639
  • February 2003
  • Region: Illinois
  • Standard & Poors

FEATURED COMPANIES

  • Ameren Corp.
  • Ameren Illinois Co.
  • CILCORP Inc.
  • Gateway Fuel Corp.
  • MORE

Abstract
Relatively low-risk, tightly regulated transmission and distribution company. Lack of commodity risk. A constructive relationship with the Illinois Commerce Commission (ICC). Limited competitive threats--no load loss to date. Stable cash flows. Parent company's investment in the riskier unregulated generation business. The ratings for Central Illinois Public Service Co. (CIPS, doing business as AmerenCIPS), a subsidiary of Ameren Corp., are based on the consolidated credit profile of the entire Ameren family of companies, which include regulated utilities CIPS, Union Electric Co. (UE, doing business as AmerenUE); recently acquired CILCORP Inc. and its utility subsidiary Central Illinois Public Service Co. (CILCO, doing business as AmerenCILCO); its unregulated generation unit, AmerenEnergy Generating Co. (AEGC); and other diversified businesses. Ameren completed the acquisition of...

Companies mentioned in this report are:
- Ameren Illinois Co.
- Central Illinois Light Co.
- Union Electric Co. d/b/a Ameren Missouri
- Gateway Fuel Corp.
- CILCORP Inc.
- Ameren Corp.
- Illinois Power 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

- Ameren Illinois Co.
- Central Illinois Light Co.
- Union Electric Co. d/b/a Ameren Missouri
- Gateway Fuel Corp.
- CILCORP Inc.
- Ameren Corp.
- Illinois Power Generating Co.

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