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AmerenEnergy Generating Co. Jun 07
Standard & Poors, June 2007
Abstract
A financially stronger parent, Relatively low-cost baseload coal-fired portfolio, and Minimal technology risk. Tighter environmental standards facing coal-fired facilities, Intermediate to long-term exposure to wholesale power price volatility, Limited geographic diversity. Financial profile much weaker than that of parent Ameren. The ratings on St. Louis, Mo.-based electric and gas utility holding company Ameren Corp. and its subsidiaries are on CreditWatch with negative implications. Ameren's units include utility subsidiaries Union Electric Co., Central Illinois Public Service Co. (CIPS), Central Illinois Light Co. (CILCO), and Illinois Power Co. Ameren's units also include unregulated Ameren Energy Generating Co. (AEGC), CILCORP Inc., the intermediate holding company of CILCO, and AmerenEnergy Resources Generating Co. (AERG), CILCO's unregulated generation subsidiary. The ratings on Ameren, Union Electric,...
Companies mentioned in this report are: AmerenEnergy Generating Co.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois Power Co.,Ameren Missouri,CILCORP Inc.,Ameren Corp.
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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