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Jersey Central Power & Light Co. Feb 05

  • ID: 2033012
  • February 2005
  • Standard & Poors

FEATURED COMPANIES

  • BVPS II Funding Corp.
  • JC P&L Capital L.P.
  • Metropolitan Edison Co.
  • PECO Energy Co.
  • Pennsylvania Electric Co.
  • PNPP II Funding Corp.
  • MORE

Abstract
A large proportion of cash flows are derived from stable, regulated, and quasi-regulated businesses; Strong markets with a healthy customer growth rate and strong economic indicators in the service territory; and Medium- to long-term contracted provider of last resort loads with volume and price predictability in New Jersey. A below-average regulatory climate in New Jersey; Historically poor reliability in the New Jersey Shore communities; and An aggressive financial profile that has experienced slower-than-expected deleveraging. The ratings on Jersey Central Power & Light Co. (JCP&L) reflect the consolidated credit profile of its parent, FirstEnergy Corp., whose credit quality is determined with that of its Ohio affiliates (Ohio Edison Co., Toledo Edison Co., and Cleveland Electric Illuminating Co.), and Pennsylvania affiliates (Metropolitan...

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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- Jersey Central Power & Light Co.
- Atlantic City Electric Co.
- Baltimore Gas & Electric Co.
- Cleveland Electric Illuminating Co.
- Delmarva Power & Light Co.
- Metropolitan Edison Co.
- Ohio Edison Co.
- Pennsylvania Electric Co.
- PPL Electric Utilities Corp.
- Pennsylvania Power Co.
- PECO Energy Co.
- Toledo Edison Co.
- CTC Beaver Valley Funding Corp.
- CTC Mansfield Funding Corp.
- PNPP II Funding Corp.
- Beaver Valley II Funding Corp.
- BVPS II Funding Corp.
- Penelec Capital
- Met-Ed Capital L.P.
- JC P&L Capital L.P.
- Ohio Edison Financing Trust
- Ohio Edison Financing Trust II
- FirstEnergy Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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