Research And Markets Research And Markets

Coal And Public Power: Credit Profiles Of Select Utilities May 06

  • ID: 1928545
  • May 2006
  • Standard & Poors
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  • Austin
  • CSX Transportation Inc.
  • Greenville
  • James River Coal Co.
  • Nebraska Pub Pwr Dist
  • Platte River Pwr Auth
  • MORE

(This is the final article in Standard & Poor's Ratings Services' four-part series on the issues affecting the credit and business of coal-fired electricity generation at public power utilities.) In previous articles we examined the difficulties and risks public power companies face in obtaining coal, the environmental and technological issues affecting an issuer's business and credit profile, and the financial concerns facing many utilities, such as pricing pressures, hedging strategies, and capital commitments. We now look at the credit effects these issues are having on select public power utilities with coal-fired generation. The city of Austin and the Lower Colorado River Authority both have a 600-MW stake in units 1 and 2 of the Fayette Power Project, which gets its...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Colorado Springs
- Platte River Pwr Auth
- Los Angeles Dept of Wtr & Pwr
- Reedy Creek Imp Dist
- Omaha Pub Pwr Dist
- Springfield
- San Antonio
- Bryan
- Lower Colorado River Auth
- South Carolina Pub Svc Auth
- Denton
- Greenville
- Florida Mun Pwr Agy
- Orlando Utils Comm
- Tallahassee
- Springfield
- Basin Elec Pwr Coop
- Tri-State Generation & Transmission Assn
- Illinois Mun Elec Agy
- Union Pacific Railroad Co.
- Southern Co.
- CSX Transportation Inc.
- Burlington Northern Santa Fe LLC
- Peabody Energy Corp.
- James River Coal Co.
- Southern Minnesota Mun Pwr Agy
- Nebraska Pub Pwr Dist
- Austin
- Texas Mun Pwr Agy
- Intermountain Pwr Agy
- Garland
- Lakeland
- Indiana Mun Pwr Agy

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