- Language: English
- 774 Pages
- Published: October 2012
- Region: World
Pennsylvania Electric Co. Mar 10
- Published: March 2010
- Standard & Poors
Parent's fleet of low-cost, baseload power generation plants in Ohio and Pennsylvania; Relatively low-risk transmission and distribution (T&D) operations; Generally constructive regulatory relationships; Good cash flow generation and liquidity; and Stable financial profile. Parent's commitment to credit quality is uncertain; Parent's business strategy that increasingly exposes financial results to greater market risk; Parent's nuclear fleet's uneven historical operating performance; and Future environmental expenditures at parent are not assured recovery. The ratings on Pennsylvania Electric Co. (Penelec) are based on the consolidated credit profile of its parent, FirstEnergy Corp., a utility holding company. Penelec is an electric distribution utility wholly owned by FirstEnergy and fully regulated by the Pennsylvania Public Utility Commission. It provides electric distribution service to all customers in...
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