- Published: May 2012
- Region: United States
Summary: TECO Energy Inc. Dec 11
- Published: December 2011
- Standard & Poors
Standard & Poor's Ratings Services' ratings on TECO Energy Inc. reflect the company's ongoing commitment to improving its credit quality by shedding some of its unregulated businesses, restoring its balance sheet, and focusing on better financial performance through regulatory initiatives and cost controls amid less-attractive economic conditions. The company's business profile is excellent and financial risk profile is significant. (For more information, see "Business Risk/Financial Risk Matrix Expanded," published on May 27, 2009, on RatingsDirect.) TECO's business strategy centers on the operations of its high-quality electric and gas utilities in historically high-growth areas of Florida. The utilities manage regulatory risk effectively, as demonstrated by base-rate decisions in 2009 that provide a solid earnings and cash flow base. Continued exposure to...
Companies mentioned in this report are: TECO Energy Inc.,Tampa Electric Co.
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TECO Energy Inc.,Tampa Electric Co.