- Language: English
- 64 Pages
- Published: November 2011
- Region: Ghana
Michigan Consolidated Gas Co. Dec 10
- Published: December 2010
- Region: Michigan
- Standard & Poors
Regulated gas utility; Decreased regulatory risk; and Improved financial measures. Relatively weak service territory with limited customer growth; and Association with DTE's higher-risk energy trading business. The ratings on Michigan Consolidated Gas Co. (MichCon) reflect DTE Energy Co. (DTE) consolidated credit profile. The ratings also reflect MichCon strong business risk profile and DTE's significant financial risk profile. DTE's rate regulated utilities include Detroit Edison Co. (DE) and MichCon and the non-utility businesses of gas midstream, unconventional gas production, power and industrial projects, and energy trading. As of Sept. 30, 2010, DTE had about $8 billion of total debt outstanding. Based on the combination of future earnings, cash flow, capital expenditures, and credit risk, we currently view DTE as about 75%...
Companies mentioned in this report are: Michigan Consolidated Gas Co.,DTE Energy Co.
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Michigan Consolidated Gas Co.,DTE Energy Co.