• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Allegheny Energy Supply Co. LLC Jan 11
Standard & Poors, January 2011
The 'BBB-' corporate credit rating on Allegheny Energy Supply LLC (Allegheny Supply) factors the merger proposal between FirstEnergy Corp. and Allegheny Supply's parent, Allegheny Energy Inc. A successful merger will somewhat improve the credit profile of Allegheny Energy. On a stand-alone basis, the ratings on Allegheny Supply reflect the credit quality of Allegheny Energy. The companies have already received approval for the merger from the Virginia State Corporation Commission, The West Virginia Public Service Commission, and The Federal Energy Regulatory Commission, but await approval from Maryland and Pennsylvania. The ratings on Allegheny Energy reflect lower-risk regulated operations and cash flow stability of utility subsidiaries--Monongahela Power Co., West Penn Power Co., and Potomac Edison Co.--and the higher-risk, yet free operating cash...
Companies mentioned in this report are: Allegheny Energy Supply Co. LLC,Allegheny Energy Inc.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Allegheny Energy Supply Co. LLC,Allegheny Energy Inc.