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BULLETIN: PacifiCorp Receives Rate Relief from Utah Public Service Commission May 02
Standard & Poors, May 2002
Abstract
The Utah Public Service Commission approved a settlement yesterday between Utah Power and Light Co. (the business name of PacifiCorp {A-/Negative/A-2} in certain retail markets), utility regulators, and consumer groups--negotiated in March--on the recovery of wholesale power costs incurred in 2001. Standard & Poor's views this settlement as supportive of the current ratings, which reflect PacifiCorp's relationship as a subsidiary of Scottish Power. The settlement allows for recovery of approximately $147 million of the $205 million originally requested by PacifiCorp. The recovery relates to replacement purchased power costs incurred during the outage of the Hunter 1 plant from November 2000 to May 2001 as well as power costs from May 2001 through September 2001 that exceeded those allowed by the...
Companies mentioned in this report are: PacifiCorp,Scottish Power U.K. PLC
Action: S&P Event
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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