NEW YORK (Standard & Poor's) Jan. 23, 2012--Standard & Poor's Ratings Services said today that the settlement agreement filed by Florida Power Corp. d/b/a Progress Energy Florida Inc. (PEF) (BBB+/Watch Pos/A-2) with the Florida Public Service Commission (FPSC) is mostly neutral and does not affect current ratings for PEF or its parent, Progress Energy Inc. (BBB+/Watch Pos/A-2). The settlement agreement, if approved by the FPSC, provides PEF with an effective framework to move forward by reducing uncertainty over the next four years as the company endeavors to bring Crystal River 3 back on line amid a still slow local economy and as it completes the proposed merger with Duke Energy....
Companies mentioned in this report are:
- Progress Energy Inc.
- Duke Energy Florida, LLC
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