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BULLETIN: DTE Energy Unit's Potential Rate Decrease Does Not Immediately Affect Rating Mar 06
Standard & Poors, March 2006
Abstract
NEW YORK (Standard & Poor's) March 24, 2006--Standard & Poor's Ratings Services said today that the announcement regarding a potential rate cut for Detroit Edison Co. (BBB/Stable/A-2) does not affect the ratings on parent DTE Energy Co. (BBB/Stable/A-2) and its subsidiaries at this time. The Michigan Public Service Commission, which granted a $330 million rate increase in November 2004, is now considering a rate decrease due to a number of significant events that may cause Detroit Edison to earn more than expected. In our opinion, a rate decrease could erode the company's financial profile to a level not consistent with current ratings. Furthermore, a driving factor for DTE's stable outlook is advancing a constructive regulatory agenda....
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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