Summary: Fort Chicago Energy Partners L.P. Dec 04
- ID: 2038776
- December 2004
- Standard & Poors
The rating on Fort Chicago Energy Partners L.P. reflects the partnership's reliance on its 50% joint venture interest in the Alliance Pipeline system for virtually all of its cash flow. The rating on Fort Chicago is effectively capped by the 'BBB+' ratings on Alliance Pipeline LP (the U.S. portion of the pipeline system) and Alliance Pipeline Limited Partnership (the Canadian portion). The Alliance project is still rated on a standalone basis as it continues to meet Standard & Poor's Ratings Services' criteria for bankruptcy-remote entities. Standard & Poor's assessment of Fort Chicago's business risk could change depending on the overall weighting of any new investments. The Alliance pipeline system is a 3,000 kilometer (km) high-pressure natural gas mainline pipeline capable...
Companies mentioned in this report are: Veresen Inc.,Alliance Pipeline L.P.,Alliance Pipeline Limited Partnership
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