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The Potential Credit Impact Of Carbon Cap-And-Trade Legislation On U.S. Companies Sep 09 Product Image

The Potential Credit Impact Of Carbon Cap-And-Trade Legislation On U.S. Companies Sep 09

  • Published: September 2009
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • AEP Texas Central Co.
  • Cleco Power LLC
  • Entergy New Orleans Inc.
  • LOOP LLC
  • Pacific Enterprises
  • Southwest Gas Corp.
  • MORE

Abstract
With the passage in the U.S. House of Representatives of the American Clean Energy And Security Act (see Appendix), the U.S. has taken a significant step toward joining Europe in introducing comprehensive carbon cap-and-trade legislation to manage atmospheric levels of greenhouse gases (GHG). To be sure, there is substantial uncertainty about whether the Senate will pass such legislation and, if so, how different any version it passes might be. In addition, international negotiations to find a successor globally for the Kyoto Protocol, scheduled for December 2009 in Copenhagen, will likely complicate Senate negotiations. But based on the talks preceding passage in the House, it appears that U.S. industry generally accepts the inevitability of carbon controls and is seeking to influence...

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 READ MORE >

- New York St Pwr Auth
- Energy Northwest
- Intermountain Pwr Agy
- Piedmont Muni Pwr Agy
- Arkansas Elec Coop Corp
- Basin Elec Pwr Coop
- Hoosier Energy Rural Elec Coop Inc
- Tri-State Generation & Transmission Assn
- Pedernales Elec Coop Inc
- Associated Elec Coop Inc
- Chugach Elec Assoc
- Alabama Gas Corp.
- Alabama Power Co.
- Allegheny Energy Inc.
- Hess Corp.
- American & Foreign Power Inc.
- Appalachian Power Co.
- Arizona Public Service Co.
- Entergy Arkansas Inc.
- CenterPoint Energy Resources Corp.
- Atlanta Gas Light Co.
- Atlantic City Electric Co.
- Atlantic Richfield Co.
- Baltimore Gas & Electric Co.
- Bay State Gas Co.
- NSTAR Electric Co.
- Boston Gas Co.
- The Brooklyn Union Gas Company
- Cambridge Electric Light Co.
- Duke Energy Progress Inc.
- Cascade Natural Gas Corp.
- Central and South West Corp.
- Central Hudson Gas & Electric Corp.
- Central Illinois Light Co.
- Ameren Illinois Co.
- Cleco Power LLC
- Central Maine Power Co.
- AEP Texas Central Co.
- Central Vermont Public Service Corp.
- Oxy USA Inc.
- Cleveland Electric Illuminating Co.
- El Paso CGP Co
- Colonial Gas Co.
- Colorado Interstate Gas Co.
- Columbia Energy Group
- Columbus & Southern Ohio Electric Co.
- Commonwealth Edison Co.
- Commonwealth Electric Co.
- NSTAR Gas Co.
- Connecticut Light & Power Co.
- Connecticut Natural Gas Corp.
- Consolidated Edison Co. of New York Inc.
- Consolidated Natural Gas Co.
- Consumers Energy Co.
- Dayton Power & Light Co.
- Delmarva Power & Light Co.
- DTE Electric Co.
- Dominion Resources Inc.
- Duke Energy Corp.
- Duquesne Light Co.
- El Paso Electric Co.
- El Paso Natural Gas Co.
- Pivotal Utility Holdings
- Empire District Electric Co.
- TXU Gas Co.
- EQT Corp.
- SeaRiver Maritime Financial Holdings Inc.
- Florida Gas Transmission Co. LLC
- Florida Power & Light Co.
- Duke Energy Florida Inc.
- Forest Oil Corp.
- Georgia Power Co.
- Gulf Oil Corp.
- Gulf Power Co.
- Entergy Gulf States Inc.
- Hawaiian Electric Co. Inc.
- Hawaiian Electric Industries Inc.
- Idaho Power Co.
- Illinois Power Co.
- Indiana Michigan Power Co.
- Indiana Gas Co. Inc.
- Indianapolis Power & Light Co.
- IES Utilities Inc.
- Iowa-Illinois Gas & Electric Co.
- Jersey Central Power & Light Co.
- Kinder Morgan Inc.
- Kansas City Power & Light Co.
- Kansas Gas & Electric Co.
- Westar Energy Inc.
- Kentucky Power Co.
- Kentucky Utilities Co.
- Kerr-McGee Corp.
- Louisiana Land & Exploration Co.
- Louisville Gas & Electric Co.
- Madison Gas & Electric Co.
- Massachusetts Electric Co.
- Metropolitan Edison Co.
- DTE Gas Co.
- ANR Pipeline Co.
- ALLETE Inc.
- Entergy Mississippi Inc.
- Mississippi Power Co.
- Mobil Corp.
- Monongahela Power Co.
- Montana-Dakota Utilities Co.
- Questar Gas Co.
- Narragansett Electric Co.
- National Fuel Gas Co.
- Nevada Power Co.
- National Grid USA
- New England Power Co.
- New Jersey Natural Gas Co.
- Entergy New Orleans Inc.
- New York State Electric & Gas Corp.
- Niagara Mohawk Power Corp.
- Nicor Inc.
- Noble Energy Inc.
- North Shore Gas Co.
- Nicor Gas Co.
- Northern Indiana Public Service Co.
- Northern Natural Gas Co.
- Northern States Power Co.
- Northern States Power Wisconsin
- Northwest Natural Gas Co.
- Northwest Pipeline LLC
- NorthWestern Corp.
- Occidental Petroleum Corp.
- Ohio Edison Co.
- Ohio Power Co.
- Oklahoma Gas & Electric Co.
- ONEOK Inc.
- Orange and Rockland Utilities Inc.
- Pacific Gas & Electric Co.
- Gas Transmission Northwest Corp
- Pacific Enterprises
- PacifiCorp
- Panhandle Eastern Pipe Line Co LP
- Pennsylvania Electric Co.
- PPL Electric Utilities Corp.
- Pennsylvania Power Co.
- PennzEnergy Co.
- The Peoples Gas Light & Coke Co.
- PECO Energy Co.
- Piedmont Natural Gas Co. Inc.
- Plantation Pipe Line Co.
- Pogo Producing Co.
- Portland General Electric Co.
- Potomac Edison Co.
- Potomac Electric Power Co.
- Public Service Co. of Colorado
- Public Service Co. of New Hampshire
- Public Service Co. of New Mexico
- Public Service Co. of North Carolina Inc.
- Public Service Co. of Oklahoma
- Public Service Electric & Gas Co.
- Puget Sound Power & Light Co.
- Rochester Gas & Electric Corp.
- Rockland Electric Co.
- St. Joseph Light & Power Co.
- San Diego Gas & Electric Co.
- Savannah Electric & Power Co.
- Shell Oil Co.
- Sierra Pacific Power Co.
- South Carolina Electric & Gas Co.
- South Jersey Gas Co.
- Southern California Edison Co.
- Southern California Gas Co.
- Southern Connecticut Gas Co.
- Southern Electric Generating Co.
- Southern Indiana Gas & Electric Co.
- Southern Natural Gas Co.
- Southern Union Co.
- Southwest Gas Corp.
- Southwestern Electric Power Co.
- Southwestern Public Service Co.
- Chevron Corp.
- Standard Oil Co. Inc.
- Standard Oil Co.
- Sunoco Inc.
- Tampa Electric Co.
- Tesoro Corp.
- Texaco Inc.
- Texas Eastern Transmission L.P.
- Texas Gas Transmission LLC
- Texas-New Mexico Power Co.
- Toledo Edison Co.
- Transcontinental Gas Pipe Line Co. LLC
- Tucson Electric Power Co.
- UGI Utilities Inc.
- Union Electric Co. d/b/a Ameren Missouri
- Union Oil Co. of California
- The United Illuminating Co.
- Utah Power & Light Co.
- Valero Energy Corp.
- Virginia Electric & Power Co.
- Frontier Oil Corp.
- Washington Gas Light Co.
- Washington Natural Gas Co.
- Avista Corp.
- West Penn Power Co.
- AEP Texas North Co.
- Western Massachusetts Electric Co.
- The Williams Cos. Inc.
- Wisconsin Electric Power Co.
- Wisconsin Gas LLC
- Wisconsin Natural Gas Co.
- Wisconsin Power & Light Co.
- Wisconsin Public Service Corp.
- Colonial Pipeline Co.
- Dixie Pipeline Co.
- Explorer Pipeline Co.
- LOCAP LLC
- LOOP LLC
- Questar Pipeline Co.
- Ohio Valley Electric Corp.
- Puget Sound Energy Inc.
- South Carolina Fuel Co.
- Southern LNG Co.
- Wisconsin Electric Fuel Trust
- Apache Corp.
- Unocal Corp.
- American Electric Power Co. Inc.
- BP Co. North America Inc.
- BP Corp. North America Inc.
- CenterPoint Energy Houston Electric LLC
- MDU Resources Group Inc.
- PanEnergy Corp.
- Peoples Energy LLC
- KCP&L Greater Missouri Operations Co.
- Green Mountain Power Corp.
- Southwestern Energy Co.
- Union Texas Petroleum Holdings Inc.
- Phillips Alaska Pipeline Corp.
- Hunt Oil Co.
- NV Energy Inc.
- CILCORP Inc.
- IPALCO Enterprises Inc.
- SCANA Corp.
- TNP Enterprises Inc.
- TECO Energy Inc.
- Providence Gas Co.
- Ocean Energy Inc.
- USX Corp.
- System Energy Resources Inc.
- Puget Energy Inc.
- Anadarko Petroleum Corp.
- Questar Corp.
- Tosco Corp.
- Mitchell Energy & Development Corp.
- Black Hills Power Inc.
- DPL Inc.
- NextEra Energy Inc.
- Entergy Corp.
- Northeast Utilities
- Public Service Enterprise Group Inc.
- Southern Co.
- Energen Corp.
- Vectren Corp.
- Hawaii Electric Light Co. Inc.
- Pinnacle West Capital Corp.
- CMS Energy Corp.
- Wisconsin Energy Corp.
- Columbus Southern Power Co.
- Edison Funding Co.
- Wisconsin Energy Capital Corp.
- El Paso Tennessee Pipeline Co.
- Tennessee Gas Pipeline Co.
- CTC Mansfield Funding Corp.
- NiSource Inc.
- Murphy Oil Corp.
- Diamond Shamrock Inc.
- Burlington Resources Inc.
- Edison International
- Nerco Inc.
- Enable Oklahoma Intrastate Transmission, LLC
- The Premcor Refining Group Inc.
- Duquesne Light Holdings Inc.
- EOG Resources Inc.
- LG&E and KU Energy LLC
- Western Gas Resources Inc.
- Arco British Ltd.
- Consol Energy Inc.
- Transok Inc.
- Drummond Co. Inc.
- Transwestern Pipeline Co LLC
- CITGO Petroleum Corp.
- Overseas Shipholding Group Inc.
- Employers Reassurance Corp.
- Eni U.S. Inc.
- OMI Corp.
- Giant Industries Inc.
- XTO Energy Inc.
- SEMCO Energy Inc.
- Harvest Natural Resources Inc.
- Ferrellgas L.P.
- Penelec Capital
- Met-Ed Capital L.P.
- Illinova Corp.
- Alliant Energy Resources LLC
- CL&P Capital L.P.
- Chesapeake Energy Corp.
- AmeriGas Partners L.P.
- UtiliCorp Capital L.P.
- MidAmerican Energy Co.
- Shell Energy North America (US) L.P.
- Vintage Petroleum Inc.
- PPL Corp.
- KCS Energy Inc.
- Integrys Energy Group Inc.
- DTE Energy Co.
- Kern River Gas Transmission Co.
- Union Pacific Resources Group Inc.
- Ferrellgas Partners L.P.
- AGL Resources Inc.
- El Paso LLC
- Mariner Energy Inc.
- Swift Energy Co.
- Vermont Elec Coop Inc
- CenterPoint Energy Inc.
- PG&E Corp.
- OGE Energy Corp.
- Range Resources Corp.
- Mission Resources Corp.
- Magnum Hunter Resources Inc.
- United Refining Co.
- Belden & Blake Corp.
- Atmos Energy Corp.
- Pioneer Natural Resources Co.
- E.ON U.S. Capital Corp
- Spectra Energy Capital LLC
- Stone Energy Corp.
- Newfield Exploration Co.
- TE Products Pipeline Co. LLC
- Buckeye Partners L.P.
- Enbridge Energy Partners L.P.
- Denbury Resources Inc.
- Houston Exploration Co. (The)
- Alliant Energy Corp.
- Conectiv
- USEC Inc.
- Peabody Energy Corp.
- KeySpan Corp.
- Noark Pipeline Finance, L.L.C.
- Comstock Resources Inc.
- Continental Resources Inc.
- FirstEnergy Corp.
- Motiva Enterprises LLC
- Enbridge Energy L.P.
- PSEG Energy Holdings LLC
- Arch Coal Inc.
- KeySpan Gas East Corp.
- Kinder Morgan Energy Partners L.P.
- Consolidated Edison Inc.
- Iberdrola USA
- IDACORP Inc.
- Sempra Energy
- QEP Resources Inc.
- GulfTerra Energy Partners L.P.
- Maritimes & Northeast Pipeline LLC
- Northern Border Pipeline Co.
- Devon Energy Corp.
- Cleco Corp.
- Plains All American Pipeline L.P.
- NSTAR LLC
- ExxonMobil Corp.
- Enterprise Products Partners L.P.
- Enterprise Products Operating LLC
- Suburban Propane Partners L.P.
- DCP Midstream LLC
- Iroquois Gas Transmission System L.P.
- Midcontinent Independent System Operator, Inc
- Xcel Energy Inc.
- Massey Energy Co.
- Exelon Corp.
- Vectren Utility Holdings Inc.
- Progress Energy Inc.
- Vectren Capital Corp.
- WGL Holdings Inc.
- NEGT Energy Trading Holding LLC
- American Transmission Co.
- Marathon Oil Corp.
- Pure Resources Inc.
- TEPPCO Partners L.P.
- NuStar Pipeline Operating Partnership L.P.
- Tri-Union Development Corp.
- Cobb Elec Membership Corp
- TransMontaigne Inc.
- Westport Resources Corp.
- James River Coal Co.
- Great Plains Energy Inc.
- Sunoco Logistics Partners LP
- Alon USA Energy Inc.
- Oncor Electric Delivery Co. LLC
- Texas Competitive Electric Holdings Co. LLC
- Sunoco Logistics Partners Operations LP
- Interstate Power & Light Co.
- Arch Western Resources LLC
- Michigan Electric Transmission Co.
- The Laclede Group Inc.
- Great River Energy
- PEPCO Holdings Inc.
- Encore Acquisition Co.
- NuStar Energy L.P.
- Pacific Energy Partners L.P.
- Plains Exploration & Production Co.
- U.S. Shipping Partners L.P.
- ConocoPhillips
- General Maritime Corp.
- Star Gas Partners L.P.
- International Transmission Co.
- ITC Holdings Corp.
- El Paso Exploration & Production Co.
- Boardwalk Pipeline Partners L.P.
- Magellan Midstream Partners L.P.
- PNM Resources Inc.
- Hilcorp Energy I L.P.
- Yankee Gas Services Co.
- EPL Oil & Gas Inc.
- Southern Star Central Gas Pipeline Inc.
- Southern Star Central Corp.
- Western Refining Inc.
- EXCO Resources Inc.
- Evergreen Resources Inc.
- Vulcan Energy Corp.
- Parallel Petroleum Corp.
- Whiting Petroleum Corp.
- Alpha Natural Resources Inc.
- MarkWest Energy Partners L.P.
- Texas Genco LLC
- International Coal Group LLC
- CrossCountry Energy LLC
- Inergy L.P.
- Regency Insurance L.P.
- Scottish Power Finance U.S.
- Venoco Inc.
- Aventine Renewable Energy Holdings Inc.
- Gulf South Pipeline Co. L.P.
- LB Pacific L.P.
- Delta Petroleum Corp. (Unsolicited Ratings)
- Cheniere Energy Inc.
- PetroQuest Energy Inc.
- Coffeyville Resources LLC
- Cimarex Energy Co.
- Clayton Williams Energy Inc.
- Petrohawk Energy Corp.
- Chaparral Energy Inc.
- Targa Resources Inc.
- Calumet Specialty Products Partners L.P.
- K-Sea Transportation Partners L.P.
- PinnOak Resources LLC
- Gulfstream Natural Gas System LLC
- VeraSun Energy Corp.
- Atlas Pipeline Partners L.P.
- Mirant North America LLC
- National Coal Corp.
- Copano Energy LLC
- Plum Point Energy Associates LLC
- Quicksilver Resources Inc.
- W&T Offshore Inc.
- Brigham Exploration Co.
- Entergy Louisiana LLC
- Rockies Express Pipeline LLC
- Maxum Petroleum Operating Co.
- MXEnergy Holdings Inc.
- Berry Petroleum Co.
- Regency Energy Partners L.P.
- Big West Oil LLC
- Spectra Energy Corp.
- IFM (U.S.) Colonial Pipeline 2 LLC
- SandRidge Energy Inc.
- SM Energy Co.
- Energy Transfer Partners L.P.
- SourceGas LLC
- Penn Virginia Corp.
- Enterprise GP Holdings L.P.
- Sandy Creek Energy Associates L.P.
- Baseline Oil & Gas Corp.
- McMoRan Exploration Co.
- PDC Energy Inc.
- Gastar Exploration USA Inc.
- MidCon LLC
- NGPL PipeCo LLC
- Entergy Gulf States Louisiana LLC
- Entergy Texas Inc.
- Atlas Energy Resources LLC
- Forbes Energy Services LLC
- ITC Midwest LLC
- Bill Barrett Corp.
- Alon Refining Krotz Springs Inc.
- Linn Energy LLC
- Berkshire Gas Co.
- Southeast Supply Header Pipeline LLC
- HollyFrontier Corp.
- Otter Tail Power Co.
- Gary-Williams Energy Corp.
- Concho Resources Inc.
- Diverse Pwr Inc
- Cinergy Corp.
- JC P&L Capital L.P.
- Coastal Natural Gas Co.
- Brooklyn Navy Yard Cogeneration Partners L.P.
- Ameren Corp.
- California Independent System Operator Corp.
- USGen New England, Inc.

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