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Industry Economic And Ratings Outlook: Continued Ratings Stability Expected For U.S. Regulated Electric Utilities In 2012 Jan 12 Product Image

Industry Economic And Ratings Outlook: Continued Ratings Stability Expected For U.S. Regulated Electric Utilities In 2012 Jan 12

  • ID: 2046464
  • January 2012
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Ameren Corp.
  • Ameren Illinois Co.
  • CenterPoint Energy Inc.
  • Dayton Power & Light Co.
  • DPL Inc.
  • Iberdrola USA
  • MORE

Abstract
The 2012 credit outlook for the U.S. investor-owned regulated electric utility industry will likely remain stable, in Standard & Poor's Ratings Services view. Although Standard & Poor's economists anticipate the U.S. economy to remain relatively weak, we expect ratings stability for the sector based on likely sustained demand for a critical product, responsive regulatory attention to cost recovery for needed capital investments, and investors' continued appetite for utility debt and equity offerings. Standard & Poor's base-case 2012 outlook for the U.S. electric utility industry is stable, based on the following fundamentals: A sluggish U.S. economy, characterized by modestly stronger GDP growth, sustained high unemployment levels at greater than 8%, a still-weak housing market, and moderate increases in consumer spending; Very...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- CenterPoint Energy Resources Corp.
- Ameren Illinois Co.
- Dayton Power & Light Co.
- Pacific Gas & Electric Co.
- Public Service Co. of New Mexico
- Rochester Gas & Electric Corp.
- Texas-New Mexico Power Co.
- Union Electric Co. d/b/a Ameren Missouri
- CenterPoint Energy Houston Electric LLC
- Green Mountain Power Corp.
- DPL Inc.
- CenterPoint Energy Inc.
- PG&E Corp.
- Ameren Corp.
- Iberdrola USA
- Michigan Electric Transmission Co.
- International Transmission Co.
- ITC Holdings Corp.
- PNM Resources Inc.
- ITC Midwest LLC
- ITC Great Plains LLC

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

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