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Can New York State Deliver on Its Renewable Guarantee? Feb 03
Standard & Poors, Feb 2003
Abstract
A few weeks ago, yet another head of state jumped on the renewable energy bandwagon, promising a great future for renewable energy in that state's resource mix. Governor George Pataki from New York spelled out his plan, albeit ever so briefly, in his 2003 state of the state speech. Pataki wants to make New York a national leader in renewable energy usage, with a 'guarantee' that renewable energy sources will supply 25% of the state's electricity demand by early 2013. Governor Pataki's goals are noble, but the means may be meager, and Standard & Poor's will read with interest the proposals contained in the Pataki 'guarantee'. Does the Pataki proposal lay out a viable plan, or is the program rhetoric...
Companies mentioned in this report are: New York State Electric & Gas Corp.,Niagara Mohawk Power Corp.,Green Mountain Power Corp.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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