Industry Economic And Ratings Outlook: U.S. Regulated Utilities Will Likely Stay On A Stable Trajectory For The Rest Of 2012 And Into 2013 Jul 12
- Language: English
- Published: July 2012
- Region: United States
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...
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Research Type: Commentary
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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