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BULLETIN: Detroit Edison's Nuclear Plant Shutdown Does Not Affect DTE Energy Rating Jan 05
Standard & Poors, Jan 2005
Abstract
NEW YORK (Standard & Poor's) Jan. 25, 2005--Standard & Poor's Ratings Services said today that the closure of Detroit Edison Co.'s (BBB/Stable/A-2) Fermi 2 nuclear plant does not affect the rating or outlook on DTE Energy Co. (BBB/Stable/A-2). The closure is related to a cooling system leak that is nonradioactive in nature. The company is investigating the cause of the leak and developing a plan for repair. Although the rating on the company remains unchanged by the plant's closure, Standard & Poor's is concerned that repercussions from the event, such as an unexpected prolonged outage or associated replacement power that is unrecoverable, could lead to a weaker financial profile and affect ratings....
Companies mentioned in this report are: DTE Energy Co.,Detroit Edison 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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