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Bulletin: Power Outage Investigation Does Not Affect DTE Energy Co. And CMS Energy Co. Ratings Jun 08
Standard & Poors, June 2008
Abstract
NEW YORK (Standard & Poor's) June 20, 2008--Standard & Poor's Ratings Services today stated that the Michigan Public Service Commission's order to investigate recent power outages will not affect the ratings of CMS Energy Corp. (BBB-/Stable/A-3) and DTE Energy Co. (BBB/Stable/A-2) at this time. Several storms occurring over the last two weeks created various power outages that collectively left about 720,000 customers without power. The staff will investigate the causes of the disruptions, evaluate how the utilities responded, and cite changes that could reduce the chances of future outages by August 22. We will review the outcome to determine whether any punitive actions by the commission cause deterioration to either company's credit....
Companies mentioned in this report are: DTE Energy Co.,CMS Energy Corp.
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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