- Language: English
- Published: November 2012
- Region: Czech Republic
Duquesne Light Holdings Inc. Aug 05
- Published: August 2005
- Standard & Poors
Supportive regulation for subsidiary Duquesne Light Co.; Stable utility customer base; and Low-risk transmission and distribution utility serving a strong densely populated service territory. Generation supply risks associated with the Provider of Last Resort III plan; Loss of substantial earnings after 2007 from operating synthetic fuel facilities; Higher capital-spending forecast for the utility; Ongoing federal and state tax issues; and Weak cash-flow-related credit protection measures for rating. The ratings on Duquesne Light Holdings Inc. (DLH) reflect a satisfactory business profile incorporating the strong business risk profile of subsidiary Duquesne Light Co. (BBB/Negative/--), a low-risk transmission and distribution (T&D) utility operating in and around Pittsburgh, Pa., and DLH's exit from riskier competitive businesses. These strengths are offset by DLH's weak but...
Companies mentioned in this report are: Duquesne Light Holdings Inc.,Duquesne Light Co.,PPL Corp.,DTE Energy Co.
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Duquesne Light Holdings Inc.,Duquesne Light Co.,PPL Corp.,DTE Energy Co.