- Published: June 2012
NiSource Inc. Dec 06
- ID: 1834642
- December 2006
- Standard & Poors
A conservative business strategy that focuses almost exclusively on regulated businesses, Significant scale as the largest gas company east of the Rockies and one of the largest integrated pipeline systems in the country, A nine-state scope of operations that mitigates weather and regulatory risk, Relatively constructive regulation, and Competitive gas distribution and pipeline cost structure. A subpar, but modestly improving, overall financial profile, Liberal debt leverage for rating level, Declining customer usage and increased attrition in gas distribution segment, Northern Indiana Public Service Co.'s high cost structure and heavy dependence on the industrial sector, Absence of weather-adjustment mechanisms for most gas distribution subsidiaries, and Continuing losses at the Whiting Clean Energy facility, though recent memorandum of understanding (MOU) with British...
Companies mentioned in this report are: NiSource Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Capital Markets Inc.,NiSource Finance 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: Full Analysis
NiSource Inc.,Bay State Gas Co.,Northern Indiana Public Service Co.,NiSource Capital Markets Inc.,NiSource Finance Corp.