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BULLETIN: Ameren's Illinois Utilities' Rate-Increase Filings Do Not Affect Rating Jan 06
Standard & Poors, Jan 2006
Abstract
NEW YORK (Standard & Poor's) Jan. 3, 2006--Standard & Poor's Ratings Services said today that Ameren Corp.'s (BBB+/Watch Neg/A-2) Illinois-based utilities' filings with the Illinois Commerce Commission (ICC) for three separate electricity delivery service rate hikes totaling about $200 million, if approved, would benefit Ameren's consolidated financial profile, especially its adjusted FFO to total debt ratio, which is somewhat weak. The filings, however, do not immediately affect the rating on the company. As contemplated by existing legislation, the companies, Central Illinois Public Service Co. (BBB+/Watch Neg/--), Central Illinois Light Co. (BBB+/Watch Neg/--), and Illinois Power Co. (BBB+/Watch Neg/--), are proposing customers pay a delivery service charge that is separate from the power supply component. The proposed charges for the power...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois Power Co.
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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