Kentucky Power Co. Dec 11
Standard & Poors, December 2011
Abstract
Steady utility operating cash flow; Part of a electric utility company that is geographically diverse and has a large customer base; and Low-cost generation fleet. Financial measures could be pressured from exposure to environmental regulations; Marketing operations weaken creditworthiness; and Increased unregulated generation may pressure business profile. Standard & Poor's Ratings Services' ratings on Kentucky Power Co. are based on the consolidated credit profile of parent American Electric Power Co. Inc. (AEP), which includes regulated and unregulated operations. We consider Kentucky Power's business risk profile excellent and financial risk profile aggressive. It is a vertically integrated, fully regulated electric utility that serves eastern Kentucky. The utility participates in the AEP Power Pool, sharing the revenues and costs of pool sales...
Companies mentioned in this report are: Kentucky Power Co.,Appalachian Power Co.,Indiana Michigan Power Co.,Ohio Power Co.,Public Service Co. of Oklahoma,AEP Texas North Co.,American Electric Power Co. Inc.,Columbus Southern Power Co.,RGS (AEGCO) Funding Corp.,RGS (I&M) Funding 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
Kentucky Power Co.,Appalachian Power Co.,Indiana Michigan Power Co.,Ohio Power Co.,Public Service Co. of Oklahoma,AEP Texas North Co.,American Electric Power Co. Inc.,Columbus Southern Power Co.,RGS (AEGCO) Funding Corp.,RGS (I&M) Funding Corp.
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