AmerenEnergy Generating Co. May 04
- ID: 1822984
- May 2004
- Standard & Poors
A relatively low-cost base load coal capacity, acquired for $189 per kW. Well-positioned base load units on the MAIN forecast dispatch curve. Operational expertise and minimal technology risk. No plans for new unregulated capacity. A financially stronger parent. Risks of nonrenewal of purchased-power agreements, exposing the bulk of AEGC's assets to market sales and commodity price risk. Excess power being marketed into weak midwest power markets. Potentially tighter environmental standards. Limited geographic diversity. Potentially weaker business profile and erosion of financial measures resulting from Ameren's pending acquisition of Illinois Power. The ratings on AmerenEnergy Generating Co. (AEGC), the primary unregulated generation subsidiary of Ameren Corp., are on CreditWatch with negative implications reflecting Ameren's agreement to purchase Illinois Power Co. and...
Companies mentioned in this report are:
- Illinois Power Generating Co.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Union Electric Co. d/b/a Ameren Missouri
- CILCORP Inc.
- Ameren Corp.
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