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Ameren Illinois Co. Dec 11
Standard & Poors, Dec 2011
Abstract
A fully regulated electric and gas company Lower risk transmission and distribution businesses Improving management of regulatory risk in Illinois Affiliation with the higher-risk operations and less dependable cash flows from Ameren's merchant generation business Affiliation with the merchant generation business whose recovery of environmental capital spending is uncertain The ratings on Ameren Illinois (AI) reflect Ameren Corp.'s (Ameren) consolidated credit profile. The ratings also reflect Ameren Illinois' excellent business risk profile and Ameren's consolidated significant financial risk profile. Ameren's subsidiaries include rate regulated utilities Ameren Illinois and Ameren Missouri, and merchant energy company AmerenEnergy Generating Co. (GenCo.) AI's excellent business risk profile reflects its lower-risk pure transmission and distribution (T&D) operations. The company serves about 1.2 million electric customers...
Companies mentioned in this report are: Ameren Illinois Co.,Ameren Corp.,AmerenEnergy Generating Co.
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.
Research Type: Full Analysis
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