|
|
 |
|
Viewing report
|
|
|
|
Allegheny Energy Supply Co. LLC May 09
Standard & Poors, May 2009
Abstract
Scaled transition, through higher capped prices, to market rates during the next two years, Low-cost, base-load generation assets, Improvement in operational performance, Successful reduction in operations and maintenance costs, and Credit improvement from deleveraging. Significant exposure to stricter environment standards, specially relating to carbon, Net revenue erosion due to declining natural gas prices, Evidence of demand destruction that can hurt market heat rates, Significantly lower-than-expected capacity prices in latest RPM auction, Exposure to fuel costs and emission credits during capped low retail tariff rates, Counterparty risk from weak, albeit improving, creditworthiness of coal suppliers, Company has to build operational credibility, and Large medium-term maturities. The ratings on Allegheny Energy Supply LLC (Allegheny Supply) reflect the credit quality of parent Allegheny...
Companies mentioned in this report are: Allegheny Energy Supply Co. LLC,Allegheny Energy Inc.
Action: Review
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: Full Analysis
|
|
|
|
