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BULLETIN: DTE Energy Subsidiary to Build New Power Plant May 01
Standard & Poors, May 2001
Abstract
Corporate credit rating: BBB+/Stable/A-2 Standard & Poor's views the announcement by DTE Energy Services that it will jointly build a $160 million, 320 MW natural gas-fired peaker with Entergy Wholesale Operations as neutral for parent DTE Energy Co.'s credit quality. Standard & Poor's has already factored into DTE Energy's ratings the expectation of an expansion of its unregulated businesses in an attempt to grow consolidated earnings. The gas will be provided by the Vector Interstate Pipeline (1 billion cubic feet per day), which is partially owned (25%) by DTE Energy....
Companies mentioned in this report are: DTE Energy Co.
Action: S&P Event
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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