Summary: Mun Elec Auth Of Georgia, GA; Revenue - Utility, Wholesale Electric Sep 96

  • ID: 2033821
  • September 1996
  • Region: Georgia
  • Standard & Poors
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The ratings on the Municipal Electric Authority of Georgia (MEAG)'s debt and its business position of `somewhat below average' reflect the pressure on participants to maintain competitive retail rates in a deregulating environment and the continuing problems MEAG faces involving excess baseload capacity that has contributed to sensitivity between the participants over the allocation of costs. The rating is supported by the following: The strong legal protection provided by the court-validated power sales contract; Favorable plant operations; * Regionally competitive wholesale cost of power to participants; and The vibrant state economy, ranking in the top five states for employment growth. Currently, MEAG's cost of power to participants (5.18 cents per kilowatt hour (kwh) in 1995) is 7% lower than Oglethorpe...

Companies mentioned in this report are:
- Municipal Elec Auth of Georgia

Action: New Rating

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- Municipal Elec Auth of Georgia

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