Summary: Entergy Louisiana LLC Jul 06
Standard & Poors, July 2006
Abstract
The ratings on Entergy Louisiana LLC, which accounts for 18% of Entergy Corp.'s earnings, are based on the parent's consolidated credit profile, which incorporates the regulated U.S. electric utility operations, nonregulated nuclear operations, and nonregulated independent power development business. As of March 31, 2006, New Orleans, La.-based Entergy had about $8.9 billion of debt outstanding. The ratings on Entergy recognize the increased probability that Entergy will recover a substantial portion of hurricane-related storm costs incurred in 2005. Still, uncertainty exists regarding the ultimate level and timing of the recovery and increasing pressure on the consolidated company's business profile from regulatory challenges in several jurisdictions. Furthermore, the company has a larger portion of its assets involved in nonregulated ventures, such as...
Companies mentioned in this report are: Entergy 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Entergy Louisiana LLC
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