Summary: Union Gas Ltd. Oct 04
- ID: 1921836
- October 2004
- Standard & Poors
The ratings and outlook on Union Gas Ltd. (Union Gas), an Ontario-based gas distribution company, reflect the consolidated credit profile of its ultimate parent, Duke Energy Corp. (Duke Energy). Even though no explicit parent guarantees have been provided, the ratings on Union Gas have been equalized with those on Duke Energy, which are in line with Standard & Poor's Ratings Services consolidated ratings methodology. This situation is applicable in view of the strategic nature of Union Gas within the wider Duke Energy group of companies. The ratings on Duke Energy reflect the consolidated credit assessment of the company's regulated U.S. electric utility operations, Duke Power Co., and the regulated and nonregulated operations conducted by Duke Energy's wholly owned subsidiary, Duke...
Companies mentioned in this report are:
- Union Gas Ltd.
- Duke Energy Corp.
- Spectra Energy Capital LLC
- DCP Midstream LLC
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