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Summary: Tampa Electric Co. Jun 11

  • ID: 1828876
  • June 2011
  • Standard & Poors

We base the ratings on Tampa Electric Co. on the consolidated credit profile of its parent TECO Energy Inc. Ratings reflect the company's ongoing commitment to improving its credit quality by shedding some of its unregulated businesses, restoring its balance sheet, and focusing on better financial performance through regulatory initiatives and cost controls amid less-attractive economic conditions. The company's business profile is excellent and financial risk profile is significant. (For more information, see "Business Risk/Financial Risk Matrix Expanded," published May 27, 2009, on RatingsDirect on the Global Credit Portal.) TECO's business strategy centers on the operations of its high-quality electric and gas utilities in historically high-growth areas of Florida. The utilities manage regulatory risk effectively, as demonstrated by base-rate decisions...

Companies mentioned in this report are: Tampa Electric Co.
Action: Review

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Tampa Electric Co.

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