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Bulletin: House Panel In Illinois OKs Rate Freeze Extension; No Immediate Effect On Ameren, Exelon Rtgs Oct 06
Standard & Poors, Oct 2006
Abstract
NEW YORK (Standard & Poor's) Oct. 10, 2006--Standard & Poor's Ratings Services said today that last night's vote by the Electric Utility Oversight Committee of the Illinois House of Representatives in favor of the enactment of legislation extending the current electric rate freeze for the next three years in Illinois detracts from the creditworthiness of Ameren Corp. (BBB/Watch Neg/A-3) and its subsidiaries and Exelon Corp. (BBB+/Watch Neg/A-2) and its subsidiaries. This represents another small step toward the enactment of legislation that would lead to immediate and severe credit deterioration for the companies' Illinois utilities. The ratings on the companies are not affected at this time. The bill now moves to the House floor. Although the fall veto session does not...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Commonwealth Edison Co.,Illinois Power Co.,CILCORP Inc.,Exelon Corp.
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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