Entergy Texas Inc. Aug 11

Standard & Poors, August 2011

Abstract
A large and stable customer base with some exposure to industrial customers; and A good operating record for owned generation assets. A generally challenging regulatory framework; and A service territory with average demographics and moderate growth characteristics. Standard & Poor's Ratings Services' ratings on Entergy Texas Inc. (ETI) reflect the consolidated credit profile of its parent, Entergy Corp. We base Entergy's ratings on a strong business risk profile and significant financial risk profile. (For more on business risk and financial risk, see "Business Risk/Financial Risk Matrix Expanded," published May 27, 2009, on RatingsDirect on the Global Credit Portal.) Entergy's strong business risk profile incorporates regulated utility operations that have demonstrated a measure of steady improvement over time, but this strength...

Companies mentioned in this report are: Entergy Texas Inc.,Entergy Arkansas Inc.,Entergy Louisiana Holdings Inc.,Entergy Mississippi Inc.,Entergy New Orleans Inc.,System Energy Resources Inc.,Entergy Corp.,GG1B Funding Corp.,Entergy Louisiana Capital I,Entergy Louisiana LLC,Entergy Gulf States Louisiana LLC
Action: Review

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

Entergy Texas Inc.,Entergy Arkansas Inc.,Entergy Louisiana Holdings Inc.,Entergy Mississippi Inc.,Entergy New Orleans Inc.,System Energy Resources Inc.,Entergy Corp.,GG1B Funding Corp.,Entergy Louisiana Capital I,Entergy Louisiana LLC,Entergy Gulf States Louisiana LLC

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