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Ameren Corp. May 08
Standard & Poors, May 2008
Abstract
Relatively low-cost producer with competitive rates; Strong transmission ties; and A diverse service area with limited industrial exposure. Indifference to the financial health of Illinois' utilities by state leaders; Challenging regulatory climate in Missouri and current lack of a fuel adjustment clause; Investment in riskier unregulated generation business and intermediate exposure to market risk; Inherent operating and financial challenges of owning a nuclear unit whose performance has been mixed; and Escalating capital outlays for investments in infrastructure and pollution control equipment. The ratings on St. Louis, Mo.-based electric and gas utility holding company Ameren Corp. reflect a satisfactory business profile and aggressive financial profile. Ameren's subsidiaries consist of utilities Union Electric Co., Central Illinois Public Service Co. (CIPS), Central Illinois...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois Power Co.,Ameren Missouri,CILCORP Inc.,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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