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Progress Energy Inc. Dec 11 Product Image

Progress Energy Inc. Dec 11

  • ID: 2032593
  • December 2011
  • Standard & Poors


  • Duke Energy Florida Inc.
  • Duke Energy Progress Inc.
  • Florida Progress Corp.
  • Progress Energy Inc.
  • MORE

All cash flow is from regulated electric utility operations; Operations are under generally supportive regulatory environments; Some operating and regulatory diversity with operations in three states; Strong plant operations with above-average capacity and utilization factors; and Adequate liquidity position. Economic recovery still lagging in Florida, which can delay expected improvement in consolidated financial profile; Significant capital expenditures to meet load growth and environmental requirements can pressure financial profile absent timely recovery; and Consolidated debt leverage is high, leading to an aggressive consolidated financial profile. Standard & Poor's Ratings Services' ratings on Progress Energy Inc. remain on CreditWatch, where they were placed with positive implications on Jan. 10, 2011. The CreditWatch placement followed the announcement that Progress had entered into an...

Companies mentioned in this report are:
- Progress Energy Inc.
- Duke Energy Progress Inc.
- Duke Energy Florida Inc.
- Florida Progress Corp.

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

- Progress Energy Inc.
- Duke Energy Progress Inc.
- Duke Energy Florida Inc.
- Florida Progress Corp.

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