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Risk-to-Price Commentary: PG&E Corp. Sep 10 Product Image

Risk-to-Price Commentary: PG&E Corp. Sep 10

  • Published: September 2010
  • Standard & Poors

FEATURED COMPANIES

  • Alliant Energy Corp.
  • Ameren Corp.
  • Dominion Resources Inc.
  • DTE Energy Co.
  • Elwood Energy LLC
  • PG&E Corp.
  • MORE

Abstract
Pacific Gas & Electric Co. (PG&E) shares continued their descent Monday after one of the company's gas transmission pipelines ruptured last week in the community of San Bruno, Calif. The explosion damaged homes and left hundreds without gas and electric service. At least four people were killed, according to a Wall Street Journal report on Friday. As of Monday morning, the stock had lost nearly 10% of its value (see chart 1). Jitters in the credit market sent the credit default swap (CDS) spread on PG&E wider by more than 7% to 121.3 basis points (bps) on Friday, according to CMA DataVision. Also Friday, Standard & Poor's Ratings Services placed its ratings on PG&E on CreditWatch with negative implications in...

Companies mentioned in this report are:
- Consolidated Edison Co. of New York Inc.
- Dominion Resources Inc.
- Pacific Gas & Electric Co.
- Southwestern Public Service Co.
- Virginia Electric & Power Co.
- Wisconsin Public Service Corp.
- Enable Oklahoma Intrastate Transmission, LLC
- Integrys Energy Group Inc.
- DTE Energy Co.
- PG&E Corp.
- Ameren Corp.
- Alliant Energy Corp.
- Xcel Energy READ MORE >

- Consolidated Edison Co. of New York Inc.
- Dominion Resources Inc.
- Pacific Gas & Electric Co.
- Southwestern Public Service Co.
- Virginia Electric & Power Co.
- Wisconsin Public Service Corp.
- Enable Oklahoma Intrastate Transmission, LLC
- Integrys Energy Group Inc.
- DTE Energy Co.
- PG&E Corp.
- Ameren Corp.
- Alliant Energy Corp.
- Xcel Energy Inc.
- Vectren Utility Holdings Inc.
- PSEG Power LLC
- Elwood Energy LLC

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